Data in 2023 so far has shown that the economy has performed better than was expected only a few months ago, according to the Fraser of Allander Institute at the University of Strathclyde.
Its quarterly economic commentary, sponsored by Deloitte, sees the institute's economists forecasting growth of 0.5% in 2023, 0.7% in 2024 and 1.2% in 2025.
For 2023, this is a significant revision up from its previous set of forecasts in March, which indicated that by now Scotland’s economy would be in a shallow recession.
