Economic Commentary [September 2020]

Black, James and Brocek, Frantisek and Cooper, Benjamin and Eiser, David and Kane, Kevin and McGeoch, Adam and McIntyre, Stuart and Spowage, Mairi, Fraser of Allander Institute (2020) Economic Commentary [September 2020]. Fraser of Allander Economic Commentary, 44 (3). pp. 1-34. ISSN 2046-5378

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COVID-19 has been one of the most disruptive events that society and businesses have experienced since World War II. The last six months have led to a dramatic contraction in economic activity across the world, in large part due to the shutdown of the global economy as countries managed the threat posed by the pandemic. In Scotland, this has resulted in the economy shrinking by nearly a fifth between April and June with unemployment on the rise and further redundancies expected across the country in the coming weeks.