Beyond short term economic impacts: a look at the long-term challenges

As we move into the next phase of the crisis, the government have responded by effectively putting the country on partial ‘lockdown’ with all but essential activity prohibited. As we pointed out last week, the stronger the public health response, the greater the shutdown required to our day-to-day economic activity. …

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Why economics tells us we should listen to the government’s advice

Dr Alex Dickson, Reader in Economics, University of Strathclyde OK folks, so this is why people should follow the Government’s advice on ‘social distancing’ in light of the spread of Covid-19. In this blog, I’ll set out why economic theory tells us to listen carefully to what the government is …

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Supporting people through the economic impact of Coronavirus

The additional £330 billion made available by the Chancellor yesterday was a further attempt to put businesses on a surer footing. The announcement by the Prime Minister, asking people to refrain from visiting pubs, restaurants and entertainment venues has put a lot of hospitality businesses facing severe financial hardship, and …

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Latest Scottish GDP data and the economic impact of Coronavirus – Podcast

In this podcast, Graeme Roy – Director of the Fraser of Allander Institute – and Mairi Spowage – Deputy Director of the FAI – first take a look at the data released today on Scottish economic growth for the fourth quarter of 2019. Following this is a discussion of the …

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The coronavirus and household incomes: liquidity constrained households in Scotland

Frantisek Brocek The coronavirus outbreak – and the public health response – will have a range of impacts upon the economy, and on individuals whose livelihoods will be impacted. One issue, particular when asking those self-employed to forgo income by self-isolating or asking others to scale back their day-to-day activities, …

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A brief comment on coronavirus and the Scottish economy…

We’ve been asked in recent days for our take of the impact of the coronavirus on the Scottish economy. Of course, it goes without saying that the economy is very much secondary to the health implications and the risks to individuals and families. So before going any further, it’s important …

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