(S (S (NP (BASENP (DT A) (NN study)) (PP (IN by) (BASENP (DT the) (NNP Ernst) (CC &) (NNP Young) (JJ Scottish) (NNP ITEM) (NNP Club)))) (VP (VBZ has) (VP (VBN predicted) (SBAR (SBAR (IN that) (S (BASENP (NNP Scotland)) (VP (MD will) (VP (VB enter) (NP (NP (BASENP (DT the) (JJS worst) (NN recession)) (VP (VBN seen) (PP (IN in) (BASENP (DT the) (NN nation))))) (PP (IN since) (BASENP (NN 1980)))))))) (CONJP (COMMA ,) (CC but)) (SBAR (IN that) (S (NP (BASENP (DT the) (NN rest)) (PP (IN of) (BASENP (DT the) (NNP United) (NNP Kingdom)))) (VP (MD will) (VP (VB fare) (ADVP (RBR worse)))))))))) (PERIOD .))