Summary
LEADING economic forecasting group the Fraser of Allander Institute (FOAI) has lowered its growth predictions for next year, after a worse-than-expected fall in manufacturing output.
According to the FOAI's director, Professor Brian Ashcroft, continuing weakness of manufacturing will continue to hold the economy back. And he warns of problems ahead as the public sector contribution falls.See the full content of this document
Extract
Scottish Growth Forecasts Cut
Prof Ashcroft is forecasting that the Scottish economy will have grown by 2 per cent last year, against a UK figure of 3.1 per cent, from the previous...
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