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Outlook and appraisal [June 1988]

Ashcroft, Brian and Love, Jim and Boyle, Stephen and Draper, Paul and Dunlop, Stewart and Harrigan, Frank and Lockyer, Cliff and McGregor, Peter and McNicolI, Iain and Perman, Roger and Simpson, David (1988) Outlook and appraisal [June 1988]. Quarterly Economic Commentary, 13 (4). i-iv. ISSN 2046-5378

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The growth of the Scottish economy is now moving into line with the rest of the UK. Industrial production is buoyant. The growth of demand is becoming more broadly based between domestic and external sectors. Yet, construction output still remains relatively depressed, and in a significant number of other industries the ratio of Scottish to UK output remains below that of 1980. As yet there is little indication of the favourable changes in unemployment and vacancies during 1987 being reflected in the most recent employment data. But short-term prospects are more favourable than for several years, while growth forecasts for the medium term compare favourably with those for the UK as a whole.