Fraser of Allander Institute : Economic Commentary [March 2015]
Fraser of Allander Institute; (2015) Fraser of Allander Institute : Economic Commentary [March 2015]. University of Strathclyde, Glasgow.
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Abstract
The Scottish and UK economies are now recovering at a reasonable rate from the greatest economic shock since the 1930s. This recovery has taken longer than from the 1930s Depression or any of the three other recessions experienced since the 1970s. The UK Coalition Government’s austerity programme slowed the recovery considerably until the pace of fiscal consolidation was paused in 2012 and then slowed thereafter. Recovery picked up in 2013 as the pace of austerity slowed after the UK posted the slowest recovery from the global recession of any advanced country, with the exception of Italy and Greece. The recovery has taken hold as consumers raised their spending and investment picked up
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Item type: Report ID code: 62035 Dates: DateEvent4 March 2015PublishedSubjects: Social Sciences > Economic Theory
Social Sciences > Industries. Land use. LaborDepartment: Strathclyde Business School > Fraser of Allander Institute Depositing user: Pure Administrator Date deposited: 12 Oct 2017 13:40 Last modified: 18 Oct 2024 00:16 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/62035