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Difficult times ahead for households, despite falling inflation

Scotland's economy will continue to fall throughout the year with inflation causing "difficult" times for households, according to a report.

Think-tank Fraser of Allander ups forecast for Scottish economic growth

Think-tank Fraser of Allander ups forecast for Scottish economic growth © PA The vaccine rollout and unlocking of parts of the Scottish economy are hugely positive but the delay in a further easing of Covid-19 restrictions will cause “issues” for certain sectors. That is the message in the latest Economic Commentary from Strathclyde University’s Fraser of Allander (FoA) Institute. The pace of reopening the Scottish economy, thanks to a swift vaccine rollout, has prompted the think-tank to raise its forecast for economic growth north of the border this year to 5.9%, from 3.6% previously. FoA’s Deloitte-sponsored report adds: “We are now expecting that the economy will return the pre-pandemic levels in the summer of 2022, three months earlier than we were forecasting in March.”

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