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.
Economic Perspective articles:
- Perspective 1 – Monetary and fiscal policy in a newly independent Scotland
- Perspective 2 – Highlighting the need for policy coordination
- Perspective 3 – Reappraising Scotland’s exports and their geographies