TY - JOUR
T1 - Economic Commentary [April 2019]
AU - Fraser of Allander Institute
AU - Black, James
AU - Eiser, David
AU - Kane, Kevin
AU - McGeoch, Adam
AU - McIntyre, Stuart
AU - Spowage, Mairi
A2 - Roy, Graeme
PY - 2019/4/17
Y1 - 2019/4/17
N2 - Against a backdrop of heightened uncertainty, Scotland’s economy has continued to grow, albeit below trend. This, combined with near all-time high employment, is to be welcomed and provides some positives in these extra-ordinarily testing times. However, Scotland continues to face a productivity challenge with the consequent impact on real earnings growth. As the Commentary evidences, the economic growth we have seen has been matched by an increase in hours worked rather than an increase in productivity. If we want to see a rise in real earnings and living standards, we need to see productivity grow.
AB - Against a backdrop of heightened uncertainty, Scotland’s economy has continued to grow, albeit below trend. This, combined with near all-time high employment, is to be welcomed and provides some positives in these extra-ordinarily testing times. However, Scotland continues to face a productivity challenge with the consequent impact on real earnings growth. As the Commentary evidences, the economic growth we have seen has been matched by an increase in hours worked rather than an increase in productivity. If we want to see a rise in real earnings and living standards, we need to see productivity grow.
KW - labour market trends
KW - Scotland
KW - Scottish economics
KW - economic forecasting
UR - http://www.strath.ac.uk/business/economics/fraserofallanderinstitute/
UR - https://fraserofallander.org/publications/fai-economic-commentary-2019-q1/
M3 - Article
SN - 2046-5378
VL - 43
SP - 1
EP - 34
JO - Fraser of Allander Economic Commentary
JF - Fraser of Allander Economic Commentary
IS - 1
ER -