FAI Economic Commentary, 2018 Q1

The Scottish Government’s focus on following a single, unified approach to the economy risks being blurred by a proliferation of strategies, advisory groups and discussion forums, warns the Fraser of Allander Institute (FAI).

In our latest Economic Commentary, supported by Deloitte we caution that a cluttered policy landscape can lead to confusion, a lack of alignment, duplication and weakened accountability.

The warning comes as the Institute’s latest analysis shows that over the past 12 months, Scotland’s economy grew by just 0.6% – below trend and just over one-third that of the 1.7% for the UK as a whole.

With oil and gas sectors stabilising somewhat, a further sharp decline in construction is pinpointed as the key driver of Scotland’s more recent sluggish economic performance.

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The Fraser of Allander Institute (FAI) is a leading economy research institute based in the Department of Economics at the University of Strathclyde, Glasgow.

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Founded in 1975, the Fraser of Allander Economic Commentary is the leading publication on the Scottish economy and offers an authoritative and independent analysis of the key issues of the day.