Fraser of Allander Institute : Economic Commentary [June 2017]

Fraser of Allander Institute; Allan, Grant and Black, James and Eiser, David and Kane, Kevin and McIntyre, Stuart and Murray, Anna and Roy, Graeme. (2017) Fraser of Allander Institute : Economic Commentary [June 2017]. University of Strathclyde, Glasgow.

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The economic news since our March Commentary has continued to paint a relatively disappointing picture of the performance of the Scottish economy. Scotland’s economy shrank in the final three months of 2016, with the slowdown evident across most key sectors. The latest indicators of consumer confidence and business activity suggest that growth has returned during the first half of 2017 but remains fragile . Such weakness can no longer be explained solely by the downturn in the oil and gas industry. Nor, given the relative resilience of the UK economy, can it be the result of Brexit (yet) .