FAI Economic Commentary, 2018 Q3

Securing a smooth Brexit transition is ‘vital’ to protect Scotland’s growing economy – even if that means extending the Article 50 negotiation period.

In the latest Economic Commentary,  Scottish GDP grew by 0.5% in the second quarter of 2018. This is in line with its prediction of a more optimistic outlook for 2018 and is the second quarter in a row Scotland has outpaced UK growth.

Despite these positive figures we emphasize the continuing fragility of the Scottish economy and stress the importance to the UK economy of securing an orderly transition upon leaving the EU in March 2019 to avoid potentially damaging disruption to business.

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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.