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Our overview of recent trends in the global, UK and Scottish economies.

June's economic commentary:

  • After a lengthy period of weak growth, the world economy is growing around 4%, the historical average of the past few decades
  • Growth in the US economy (the world’s largest) has been revised down
  • Weak quarter one UK GDP growth
  • UK business confidence increased to a four-month high in May
  • The UK remains the number one destination for foreign direct investment (FDI) in Europe
  • The UK unemployment rate remained at a 43-year low
  • The outlook for the Scottish economy will be subdued over the next five years
  • Scottish private sector output growth accelerated to a ten-month high in May
  • Scotland consolidated its position as the UK’s most attractive FDI destination outside London
  • The volume of Scottish manufactured exports increased by 7.4%

Read more, and see the latest figures in the full economic commentary for June 2018. This gives a bi-monthly update on global, UK and Scottish economic trends and performance, drawing on a wide range of economic indicators and commentaries.

Economic commentary June 2018 (Word, 97.6Kb)