Scottish economic growth seen persistently below UK growth rate in com

UK

[ad_1]

EDINBURGH (Reuters) – Scotland’s economy will grow at a slower rate than that of the United Kingdom overall during the next five years, the Scottish Fiscal Commission forecast on Thursday.

Scottish gross domestic product growth would be 0.7 percent in 2017 and 2018, 0.9 percent in 2018, 0.6 percent in 2020, 0.9 percent in 2021 and 1.1 percent in 2022, the forecasting agency said in figures published to coincide with the Scottish budget.

Britain’s GDP is expected to grow 1.5 percent in 2017, 1.4 percent in 2018, 1.3 percent in both 2019 and 2020, before picking back up to 1.5 percent, and finally 1.6 percent in 2022, according to Britain’s Office of Budget Responsibility.

Reporting by Elisabeth O’Leary, editing by David Milliken

[ad_2]

Source link

Loading...

Articles You May Like

India PM Modi holds first election rally since COVID-19 outbreak
COVID-19 downturn to be more prolonged than past recessions, slow recovery for jobs market: MAS
Source: Malaysia Releases Crew of Chinese Boats it Detained for Trespassing
TCM practitioner on trial for molesting patient under guise of improving her ‘qi’
China’s ‘Dark’ Fishing Fleet Lays Waste to Global Ecosystems

Leave a Reply

Your email address will not be published. Required fields are marked *