Fraser of Allander Institute : Economic Commentary [December 2016]

Fraser of Allander Institute; (2016) Fraser of Allander Institute : Economic Commentary [December 2016]. [Report]

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    Abstract

    The Scottish economy returned to growth during the second quarter of 2016, and most indicators suggest that growth has continued – albeit at a relatively slow pace – through the remainder of the year. Employment in Scotland remains close to record levels. However, Scotland continues to lag the UK with Scotland’s recent growth rate just 1/3 of that in the UK. We expect Scotland to have grown by around 1% this year, broadly in line with our July forecast . Whilst unemployment has fallen sharply recently, this appears to stem, not from people finding work, but from people exiting the labour force.