The Scottish economy [September 1994]

Armstrong, Lorraine and Draper, Paul and Le Tissier, Sarah and Love, Jim and Lockyer, Cliff and Malloy, Eleanor and McGregor, Peter and McRory, Eric and Stevens, Jim and Swales, Kim and Yin, Ya Ping (1994) The Scottish economy [September 1994]. Quarterly Economic Commentary, 20 (1). pp. 14-36. ISSN 0306-7866

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    Abstract

    In the second quarter of 1994, the provisional estimate of GDP at market prices - money' GDP - rose by 1.4%. After allowing for inflation and adjusting for factor costs, GDP grew by 1% during the quarter, compared with the 0.9% increase recorded in the first quarter of 1994. Over the year to the second quarter, 'real' GDP is estimated to have risen by 3.7%, and now stands 1.8% above the last peak in the second quarter 1990 which preceded the recession.