Publisher:
Economics Observatory
Date Published:
Category:
Type of Resource:
Article
Length (Pages, words, minutes etc...)
1pp
Fast Facts
Humza Yousaf, Scotland’s first minister has recently stepped down. His successor, John Swinney, faces a number of economic challenges related to growth, an ageing population, regional inequality and the transition to net zero.
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Growing the economy
Overall economic growth in Scotland has been weak since the global financial crisis of 2007-09. But a key difference with the rest of the UK has been much slower population growth: on a per capita basis, GDP has grown by more in Scotland than in the UK as a whole.
While many of the short- to medium-run economic levers that can shape the economy are not devolved, powers that are key to shaping the economy over the longer term are.
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