Understanding Scotland Economy Tracker – May 2023

Think tank: The David Hume Institute

Author(s): Various authors

May 23, 2023

This report from UK think tank the David Hume Institute looks at the economic outlook for Scots.

The most recent data from the David Hume Institute and Diffley Partnership’s regular economy tracker reveals a mixed picture of public opinion on the economy. The economic outlook from Scots remains bleak with 62% thinking that general economic conditions will be worse in a years’ time (although this is down very slightly from 66% in February) and 45% think their personal financial situation will be worse in a years’ time (down from 48% in February).

However, while we have seen a reduction in the number of people thinking that things will be worse, optimism is not rising. Many Scots think that the economic outlook will remain the same over the next 12
months suggesting that they think that the costs and challenges they face are here to stay.