The Scottish ITEM Club
The Scottish ITEM Club, sponsored by Ernst & Young, 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. It’s another way Ernst & Young makes a difference, helping our clients achieve their potential.
2008: A tough year for the Scottish economy.
The Scottish economy will face a challenging year as slower public and private services growth provide a tough backdrop for 2008, according to the Ernst & Young Scottish ITEM Club 2008 forecast.
Economic growth will subside to a lower than previously predicted 1.8% in 2008, before picking up to an above average 2.2% in 2009 and 2.6% in 2010. Dougie Adams, Economic Advisor to the Ernst & Young Scottish ITEM Club, said: “A decline in predicted growth is a disappointment for Scotland. However, the Scottish consumer appears to be in better shape than in the rest of the UK and we are still forecasting the creation of nearly 15,000 new jobs in 2008.”
Read the Ernst & Young Scottish ITEM Club 2008 forecast
Also read the full press release