Fraser of Allander Institute : Economic Commentary [February 2010]

Fraser of Allander Institute (2010) Fraser of Allander Institute : Economic Commentary [February 2010]. [Report]

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    Abstract

    The Scottish economy is poised to come out of recession. But there is still uncertainty whether the exit will have occurred in the fourth quarter of last year as it did in the UK economy, all be it weakly. The UK economy went into recession one quarter ahead of Scotland and it may be that Scotland will come out of recession one quarter later than the UK. The survey evidence for the final quarter of 2009, which cast some doubt on the strength of the recovery, certainly leaves that possibility open.