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

April's economic commentary:

  • The OECD is slightly more optimistic about global economic prospects
  • Economic growth in the US (the world’s largest economy) reached an annualised rate of 2.9% in the final quarter of 2017
  • China’s economy (the world’s second largest) grew by 6.9% in 2017
  • UK economic growth weakens
  • The Office for Budget Responsibility (OBR) expects weak growth in 2018 and 2019
  • CPI Inflation fell from 3.0% in January to 2.7% in February 2018
  • Scotland’s economy grew by 0.3% in the fourth quarter of 2017
  • Economic growth is forecast to be relatively weak in 2018 and 2019
  • Scottish labour productivity growth (output per hour worked) fell by 0.7% over the third quarter of 2017 compared with growth of 0.9% across the UK

Read more, and see the latest figures in the full economic commentary for April 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 April 2018 (Word, 182kB)