Economic commentary [February 2026]

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Catalano, Allison and Randolph, Hannah L. and Hampson, Josh and Williamson, Jack and Spowage, Mairi (2026) Economic commentary [February 2026]. Fraser of Allander Economic Commentary, 50 (4). ISSN 2046-5378

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Abstract

This issue of our quarterly economic commentary presents a mixed view on Scotland’s economy: on one hand, we’ve seen consistent GDP growth across seven consecutive quarters, with Q4 2025 outpacing UK-wide GDP growth for the first time in two years. At the same time, inflation ticked up slightly in December, whilst the number of people in payrolled employment dropped.

ORCID iDs

Catalano, Allison ORCID logoORCID: https://orcid.org/0000-0003-2583-5453, Randolph, Hannah L. ORCID logoORCID: https://orcid.org/0000-0002-4701-8182, Hampson, Josh, Williamson, Jack ORCID logoORCID: https://orcid.org/0009-0008-2043-7847 and Spowage, Mairi;
CORE (COnnecting REpositories)