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

August's economic commentary:

  • Global output is expected to grow by 3.5% this year and global trading conditions are generally favourable for Scottish firms
  • The UK economy grew by 0.3% in Q2, slightly higher than the first quarter figure, although growth forecasts have been revised downwards
  • UK business survey results show manufacturing output is increasing, boosted by strong export performance
  • Scotland’s economy returned to growth in Q1 of 2017
  • Forecasts for the Scottish economy have been revised up but growth is expected to remain below trend for the foreseeable future
  • Business survey results for Scotland suggest the Scottish economy grew in the 3 months to the end of June

Read more and see the latest figures in the full economic commentary for August. 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 August 2017 (Word doc, 137kB)

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