Group Chief Economist's Weekly Brief

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Your one page digest of the previous week's main economic news - and what it means for your business.

15th March 2010
Chief Economist's Weekly Brief - Trade and industry (PDF 31KB)

The recovery in the West appears to have begun with a whimper rather than a bang in January. Industrial output had a shaky start to the year and trade flows for the UK and US slackened off - hardly indicative of a "re-balancing" towards the production and export of goods that policymakers would like to see.

You can read more about how we expect the major economies to perform in the years ahead in our latest Global Economic Outlook (pdf 143KB).

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This material is published by The Royal Bank of Scotland plc ("RBS"), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by RBS and RBS makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of the RBS Group Group Economics Department, as of this date and are subject to change without notice.