The Ernst & Young Scottish ITEM Club
The Ernst & Young Scottish ITEM Club is an extension of the UK ITEM Club, focused entirely on the Scottish economy. The ITEM Club is the only economic forecasting group to use the HM Treasury model of the UK economy. Its forecasts are independent of any political, economic or business bias.
Scottish economic shrinkage on par with troubled Spain
Scotland’s overall output decline of 4% over the past four years puts it on a par with the troubled Spanish economy.
Summer 2012 update
Economic expansion of just 0.3% expected in 2012
Growth forecast downgraded as uncertainty abroad and reluctance to invest at home continues to hamper Scotland's recovery.
Unemployment set to rise and growth figures cut as Scotland faces a ‘lost decade’
Summer 2011 update
Growth forecast downgraded as inflation and commodity prices impede Scotland’s road to recovery
World events, rising commodity prices and inflation deal another hammer blow to consumers’ confidence and wallets.
Read ITEM's Scottish Summer Update 2011 2.73Mb, June 2011
View the latest analysis of profit warnings.