Outlook and appraisal [July 2005]

Ashcroft, Brian (2005) Outlook and appraisal [July 2005]. Quarterly Economic Commentary, 30 (2). pp. 3-9. ISSN 0306-7866

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Growth in the Scottish and UK economies is weakening as the pace of consumer demand growth slows. However, the relative buoyancy of the housing market in Scotland may be supporting consumption and hence the growth of retail sales compared with the rest of the UK.