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The Scottish economy [July 1977]

Bell, David N. F. and Bulmer-Thomas, Victor and Carruth, Alan A. and Danson, Michael W. and Duignan, John and Glassford, M. E. and Kirwan, Frank X. and McGilvray, James W. and Simpson, David R. F. and Wingfield, Alison A., Fraser of Allander Institute (1977) The Scottish economy [July 1977]. Quarterly Economic Commentary, 3 (1). pp. 5-27. ISSN 0306-7866

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Abstract

It appears that the differential between GDP per head in Scotland and UK GDP per head continued to narrow in 1975, confirming our prediction that Scotland fared relatively less badly than the UK as a whole during 1975. The short-term outlook for employment and unemployment is not encouraging. The expected rise in output during the remainder of 1977 will be insufficient to reverse recent falls in employment, which have been concentrated amongst males and in the services sector. Consequently, it is difficult to envisage unemployment falling below its current seasonally adjusted level of 167,900 during the remainder of 1977.