Scottish economy shrinks amid fears of recession

SCOTLAND’S economy has shrunk and is heading for a recession – as the SNP continues to focus on constitutional divisions.

The Nationalists’ record came under fresh criticism yesterday with figures showing the economy contracted by 0.3 percent in the three months to June. Two consecutive quarters of negative growth in Scotland would mean re-entering recession for the first time since 2012. Yesterday’s official data was the first GDP fall since 2016, and compares to a UK slump of 0.2 percent over the same period. On an annual basis, the UK-wide economy grew at nearly double the pace of Scotland...
source: Express

2019-09-19 05:02
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