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Our overview of recent trends in the global, UK and Scottish economies.

November's economic commentary:

  • The global economy continues to build momentum
  • Growth in the US, the world’s largest economy, has been robust
  • China, the world’s second largest economy, has seen lower but more balanced growth
  • Growth in the UK over the third quarter of 2017 was 0.4%
  • Forecasts for UK GDP have been downgraded
  • Despite this, estimates for labour productivity in Q3 2017 are fairly positive
  • Growth in the Scottish economy slowed to 0.1% in Q2 2017
  • Labour productivity in Scotland fell over the second quarter of 2017
  • Median full time weekly earnings in Scotland rose by 2.4% to £547.30 over the year to October 2017.

Read more, and see the latest figures in the full economic commentary for November. This gives a bi-monthly update on global, UK and Scottish economic trends and performance, drawing on a wide range of economic indicators and commentaries.

Economic commentary November 2017 (Word, 164KB)