Forecasts of the Scottish economy [July 2007]

Low, Kenneth (2007) Forecasts of the Scottish economy [July 2007]. Quarterly Economic Commentary, 31 (4). pp. 21-27. ISSN 0306-7866

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    Despite a slowing in the US, growth in the world economy remains relatively strong with the Euro Area performance strengthening. China continues to be a major driver of world growth and trade is forecast to drive growth up. Asian markets in particular are forecast to have robust growth. Japan continues to recover steadily and survey evidence for the world economy points to a further strengthening of growth in 2007Q2.