While it probably doesn’t feel like it to workers who have lost their jobs, the industrial and economic carnage many commentators were predicting has not materialised.
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Scotland’s avoided economic meltdown ... now let’s look to the past for future inspiration
Even though the recession has now been under way for at least 18 months, and this has been the longest and deepest downturn since the Second World War, Scotland has so far avoided the Schumpeter-style “creative destruction” that many were predicting this time last year.
