On a similar basis, the bounce-back it identifies is strongest in construction, scientific and technical services, hospitality and retailing.

BBC: Stands Scotland's economy where it did?

It was an approach that said we need to go through the budget line-by-line looking for waste, without shortchanging education and basic scientific research and road construction, because those things are essential to our future.

WHITEHOUSE: President Obama on Economic Growth and Deficit Reduction