Grant Allan & Stuart McIntyre
Fraser of Allander Institute, University of Strathclyde
Economic forecasting and nowcasting is notoriously difficult – even more so in a period of heightened economic uncertainty.
With the 29th March looming large on the calendar, economic uncertainty at present is extraordinarily high.
With this in mind, we report the latest results from our nowcasting model for Scotland.
- Our nowcast for GVA growth in 2018 Q4 is 0.29% which, at an annual rate, is 1.16%
- Our nowcast for GVA growth in 2019 Q1 is 0.31% which, at an annual rate, is 1.24%