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

This month:

  • Economic activity is expected to grow at a slightly faster pace in 2017
  • China’s economy (the world’s second largest) grew at 6.7% in 2016
  • The eurozone economy grew by 1.7% in 2016
  • The UK economy is estimated to have grown by 2.0% during 2016
  • The Bank of England has raised its GDP growth forecast for the UK economy for 2017 to 2%
  • UK unemployment fell by 7,000 to 1.6 million in the three months to December
  • The Scottish economy grew by 0.2% during Q3 2016
  • Scotland’s private sector output increased at is fastest rate for 20 months
  • Unemployment increased in Scotland in the three months to December

Read more and see the latest figures in February's economic report, including an overview of the performance of our account-managed companies and the implications for Scottish Enterprise.

Economic commentary February 2017 (PDF, 266kB)

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