Forecasts of the Scottish economy [June 2009]

As acknowledged by Scotland’s Chief Economic Advisor in his State of the Economy presentation of May 2009, Scotland has been affected by developments in the world economy. It is likely therefore that Scotland’s future growth prospects will be significantly affected by the duration of the global downturn, and the speed by which, in some cases unconventional, policy decisions taken over the last six to nine months restore the world economies to a growth trajectory