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The National (Scotland)
The National (Scotland)
National
Hamish Morrison

Tory budget makes life harder for Scots, say top economists as recession predicted

SCOTLAND is predicted to fall into a recession next year top economists have said, as they hit out at the "concerning" actions of the UK Government which will exacerbate the cost-of-living crisis. 

Researchers at the Fraser of Allander Institute (FAI) have revised their forecasts for the coming months and have predicted the economy will shrink north of the Border.

In their Economic Commentary for the third fiscal quarter of 2022, researchers said the economy would grow by 3.6% in 2022 before contracting by 0.6% in 2023.

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