Picture of DNA strand

Pioneering chemical biology & medicinal chemistry through Open Access research...

Strathprints makes available scholarly Open Access content by researchers in the Department of Pure & Applied Chemistry, based within the Faculty of Science.

Research here spans a wide range of topics from analytical chemistry to materials science, and from biological chemistry to theoretical chemistry. The specific work in chemical biology and medicinal chemistry, as an example, encompasses pioneering techniques in synthesis, bioinformatics, nucleic acid chemistry, amino acid chemistry, heterocyclic chemistry, biophysical chemistry and NMR spectroscopy.

Explore the Open Access research of the Department of Pure & Applied Chemistry. Or explore all of Strathclyde's Open Access research...

Forecasts of the Scottish economy [June 2015]

Allan, Grant (2015) Forecasts of the Scottish economy [June 2015]. Fraser of Allander Economic Commentary, 39 (1). pp. 27-37. ISSN 2046-5378

Text (FEC_39_1_2015_AllanG)
Final Published Version

Download (593kB) | Preview


The latest figures on economic growth in Scotland confirm that the Scottish economy grew by 2.7% during 2014: the fastest annual rate of growth since 2006. Recent evidence supports the view that much of the growth during 2014 was however from increases in household consumption, although there were signs of much welcomed growth in investment (largely from public infrastructure projects). Surveys point to a slowing of growth in the first half of 2015, while the extent to which growth will be sustained through 2016 and 2017 is critically dependent on the return of stronger real wage growth and an easing of household debt to income ratios, and the measures announced in the UK Government budget in July (and the outcomes of progress of further powers to the Scottish parliament). On the back of recent evidence, we have slightly revised down our forecasts for growth in 2015 and 2016 by 0.1 percentage points since March. Critically, Scottish export performance remains weak, and the possibility of fundamental change in the Eurozone driven by the outcome of Greek debt discussions - which are coming to a head at the time of writing - will be critical for the external economic environment facing Scotland in the short and medium term.