Outlook and appraisal [April 2007]

Ashcroft, Brian (2007) Outlook and appraisal [April 2007]. Quarterly Economic Commentary, 31 (3). pp. 3-10. ISSN 0306-7866

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    Abstract

    The Scottish economy continues to grow quite quickly compared to trend with growth of 2.3% anticipated for 2006. This buoyant growth occurs against a background of strong growth in the UK with GDP rising by 2.7% last year. Despite uncertainties over the US economy, rising oil prices in the short-run due to political uncertainties in the Middle East and some pick up in the UK inflation rate, which may prompt a further rise in UK interest rates to 5.5%, above trend growth is expected to continue in Scotland in 2007 and 2008.

    Author(s):Ashcroft, Brian
    Item type:Article
    ID code:46914
    Keywords:Fraser of Allander Institute, Scottish economy, Scottish economic outlook, Economic Theory, Economics, Econometrics and Finance(all)
    Subjects:Social Sciences > Economic Theory
    Department:Strathclyde Business School > Economics
    Strathclyde Business School > Fraser of Allander Institute
    Depositing user: Pure Administrator
    Date deposited:26 Feb 2014 14:20
    Last modified:05 Dec 2019 04:16
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/46914
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