Scotland could be in recession for much of this year, with a warning of a “difficult” outlook for households.
The Fraser of Allander Institute is forecasting that Scotland’s economy will shrink by 1% in 2023, before growing by 0.6% the following year.
The University of Strathclyde's think tank say there could be three quarters of contraction in 2023, spanning the first nine months of the year, before GDP growth returns in the final three months “bringing the end to a three quarter-long recession”.
