Published:

Miscellaneous

Podcast: 2023 in review

FAI associate economist Dr Hannah Randolph is joined by our director Professor Mairi Spowage and deputy director João Sousa to review big events, themes, and what we did in 2023. The panel talk about the challenges in economic forecasting and measuring the economy, what we’ve learned from 25 years of the Scottish Business Monitor, and some of our income tax analysis from this year. We wrap up by taking a look ahead to analysis from the Centre for Inclusive Trade Policy and the impact of rising interest rates in 2024.

Participants:

  • Dr Hannah Randolph, Associate Economist, Fraser of Allander Institute, University of Strathclyde
  • Professor Mairi Spowage, Director, Fraser of Allander Institute, University of Strathclyde
  • João Sousa, Deputy Director, Fraser of Allander Institute, University of Strathclyde

Timestamps:

(00:30) Challenges in economic forecasting; growth in 2023

(04:55) Uncertainty in measuring the economy

(06:50) The Labour Force Survey and labour force estimates

(11:45) 25 years of the Scottish Business Monitor

(15:50) Income tax analysis

(22:00) Upcoming research: Centre for Inclusive Trade Policy

(25:30) Impact of increasing interest rates

Authors

Hannah is an Associate at the Fraser of Allander Institute. She specialises in applied social policy analysis with a focus on income, poverty, and inequality.

Mairi is the Director of the Fraser of Allander Institute. Previously, she was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government and has over a decade of experience working in different areas of statistics and analysis.

João is Deputy Director and Senior Knowledge Exchange Fellow at the Fraser of Allander Institute. Previously, he was a Senior Fiscal Analyst at the Office for Budget Responsibility, where he led on analysis of long-term sustainability of the UK's public finances and on the effect of economic developments and fiscal policy on the UK's medium-term outlook.