Economic Commentary [December 2018]

Allan, Grant and Black, James and Eiser, David and Kane, Kevin and McGeoch, Adam and McIntyre, Stuart and Murray, Anna and Spowage, Mairi, Fraser of Allander Institute (2018) Economic Commentary [December 2018]. Fraser of Allander Economic Commentary, 42 (4). pp. 1-32. ISSN 2046-5378

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The past 12 months have provided both good news and bad for Scotland’s economy – economic growth has picked up during 2018, but overall growth remains low. One reason for the low growth is a lack of productivity growth. This mix of fortunes is also evident in the latest of Deloitte’s Power Up reports, Power Up: UK-Wide Growth. It showed that Scotland’s economy has only grown at around half the UK average rate and while the country has outperformed the UK average in productivity growth over the last 10 years, productivity growth remains low.