Date lodged: 21 March 2018
To ask the Scottish Government what assessment it has made of the impact on Scotland's economy of the decision by the Office for Budget Responsibility to revise upward its UK GDP growth forecast for 2018.
Answered by: Keith Brown 28 March 2018
The revised Office for Budget Responsibility forecasts have not changed their assessment of long term economic growth for the UK, with the OBR continuing to forecast lower growth in each of the next five years relative to 2017. Brexit remains a key risk to the economic outlook. The Scottish Fiscal Commission produce independent forecasts of the Scottish economy and they will produce their next forecasts in May.