The Ernst & Young ITEM club, which uses the same model as HM Treasury, estimates that Scotland’s gross domestic product will increase by 0.7% next year compared with 1.1% across the UK.
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Reliance on financial services sector will slow return to growth
The Scottish economy will return to growth next year but at a much slower rate than the UK thanks to the country’s dependence on the battered financial services industry, according to a closely watched forecast.
