We published our latest economic commentary today, in this article we summarise in 10 key bullet points
GDP estimates for Scotland published this week show that the Scottish economy grew by 6.8% in July compared to June. The number of furloughed workers has fallen significantly between July and August in Scotland and the rest of the UK as the Job Retention Scheme started to be wound down. Accommodation & food services and arts, entertainment, and recreation continue to be the sectors which have been most negatively impacted.
This update provides a snapshot of new data on the Scottish economy and households based on data released in the last fortnight. Last month we had official confirmation that Scotland was in a recession in the first half of the year and earlier this month we discussed that the recovery from this recession is likely going to be K-shaped with different sectors experiencing varied recovery times.