Economic summary [March 2014]

Ashcroft, Brian (2014) Economic summary [March 2014]. Fraser of Allander Economic Commentary, 37 (3). pp. 1-3. ISSN 2046-5378

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The latest economic data provide further evidence of a strengthening recovery. Positive growth has now been recorded for the Scottish economy in the last 6 quarters. In the third quarter, GDP in Scotland was -0.9% below the pre-recession peak, whereas UK GDP stood at -1.9% below its pre-recession peak more than 5 years ago. But during 2013, the UK recovery has again been stronger in each of the three quarters of published data so far.