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)