Rising Inflation Weakens Outlook For Growth In 2023

The Caithness Business Index has posted the following article:

Rising Inflation Weakens Outlook For Growth In 2023

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The Scottish economy had shown healthy growth before contracting in April, but the cost of living crisis means that consumers are spending less on non-essentials Scotland's economic growth forecast for 2023 has been revised down due to the impacts of cost increases on consumers and businesses, and the likelihood that these will persist for longer than previously thought. This is according to the latest quarterly Economic Commentary from the Fraser of Allander Institute at the University of Strathclyde. [Read Full Article]