The latest nowcasts from our Scottish nowcasting model cover the 3rd quarter of 2019.
Our model suggest that:
- Growth in Q3 is 0.28% which, at an annual rate, is 1.13%
This growth estimate comes after the release of official estimates of economic growth in 2019 Q2 from the Scottish Government which showed that the Scottish economy contracted by -0.3% in Q2. This was slightly more than the UK as a whole, which contracted by -0.2%.
However the Scottish economy did grow 0.7% relative the the same quarter the year before, albeit again this was weaker than the UK as a whole, which expanded 1.2%.