{"id":3351,"date":"2019-02-22T15:00:05","date_gmt":"2019-02-22T15:00:05","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=3351"},"modified":"2019-02-22T15:08:02","modified_gmt":"2019-02-22T15:08:02","slug":"this-week-22-02-19","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2019\/02\/22\/this-week-22-02-19\/","title":{"rendered":"This week: 22\/02\/19"},"content":{"rendered":"<h3>Economic Impact of &#8216;No Deal&#8217; Brexit<\/h3>\n<p>A \u2018No Deal\u2019 Brexit could have a dramatic impact on Scotland\u2019s economy, with the potential for national Gross Domestic Product (GDP) to fall by up to 7%, according to a new report by the Scottish Government\u2019s Chief Economist.<\/p>\n<p>The paper, \u2018No Deal\u2019 Brexit \u2013 Economic Implications for Scotland, sets out two potential \u2019No Deal\u2019 scenarios, one of which would see short term disruption to supply chains lasting for a number of months, with the second scenario looking at an extended period of disruption.<\/p>\n<p><a href=\"https:\/\/news.gov.scot\/news\/economic-impact-of-no-deal-brexit\">Read more<\/a><\/p>\n<h3>Stage 3 Budget Bill<\/h3>\n<p>The Scottish Parliament has approved the 2019-20 Scottish Government Budget which provides \u00a342.5 billion of investment in Scotland\u2019s public services and economy.<\/p>\n<p>Find out what Derek Mackay&#8217;s budget delivers for Scotland.<\/p>\n<p><a href=\"https:\/\/www.gov.scot\/news\/scottish-budget-2019-20\/\">Read more<\/a><\/p>\n<h3><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1.png\"><img decoding=\"async\" class=\"alignright size-medium wp-image-3373 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1-300x150.png\" alt=\"\" width=\"300\" height=\"150\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1-300x150.png 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1-768x384.png 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1.png 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1-750x375.png 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/1-802x401.png 802w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/150;\" \/><\/a>Labour Market statistics<\/h3>\n<p>Scotland&#8217;s labour market statistics from October-December 2018 showed:<\/p>\n<ul>\n<li>2,685,000 people are now in work in Scotland<\/li>\n<li>Scotland\u2019s employment rate rose by 0.6 p.p. to 75.5%<\/li>\n<li>Unemployment in Scotland fell to 3.5%, the lowest rate on record<\/li>\n<li>Scotland\u2019s female employment rate is 71.8%, higher than UK rate of 71.4% #<\/li>\n<li>Scotland\u2019s youth employment rate is 61.6%, higher than UK rate of 55.8%<\/li>\n<li>Unemployment rates for Scotland\u2019s women (2.8%) and young people (7.6%) are at record lows<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www2.gov.scot\/Topics\/Statistics\/Browse\/Labour-Market\">Read more<\/a><\/p>\n<h3>AWPR opened<\/h3>\n<p>The final section of the Aberdeen Western Peripheral Route between Craibstone and Parkhill opened to traffic this week, ensuring road users across the North East will have access to the entire 36 mile (58km) route.<\/p>\n<p>This new 4.5 mile (7.5km) section of road will link the southern Craibstone to Stonehaven and Charleston section with the Parkhill to Blackdog section in the north.<\/p>\n<p><a href=\"https:\/\/www.transport.gov.scot\/news\/full-awpr-to-open-on-tuesday\/\">Read more\u00a0<\/a><\/p>\n<h3>Equal pay<\/h3>\n<p>Business, Fair Work and Skills Minister Jamie Hepburn joined BME (Black and Minority Ethnic) research findings to demonstrate the Scottish Government&#8217;s commitment to reducing negative experiences in the labour market.<\/p>\n<h3>Digital Xtra Fund<\/h3>\n<p>Public Finance and Digital Economy Minister Kate Forbes visited Andertston Primary School to launch the fourth round of the Digital Xtra Fund, which has awarded grants to 22 initiatives to help young people in Scotland become the next generation of digital experts through high quality extracurricular <a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3.jpg\"><img decoding=\"async\" class=\"alignright wp-image-3353 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-300x225.jpg\" alt=\"\" width=\"283\" height=\"213\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-300x225.jpg 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-768x576.jpg 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-1024x768.jpg 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-683x512.jpg 683w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3-560x420.jpg 560w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/02\/KF-digital-skills-3.jpg 1600w\" data-sizes=\"(max-width: 283px) 100vw, 283px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 283px; --smush-placeholder-aspect-ratio: 283\/213;\" \/><\/a>activities.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic Impact of &#8216;No Deal&#8217; Brexit A \u2018No Deal\u2019 Brexit could have a dramatic impact on Scotland\u2019s economy, with the potential for national Gross Domestic Product (GDP) to fall by up to 7%, according to a new report by the Scottish Government\u2019s Chief Economist. The paper, \u2018No Deal\u2019 Brexit \u2013 Economic Implications for Scotland, sets&#8230;<\/p>\n","protected":false},"author":483,"featured_media":3376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104,3,4],"tags":[19,284,30,348,360],"class_list":["post-3351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-employment-2","tag-business","tag-digital","tag-economy-2","tag-labourmarket","tag-lms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This week: 22\/02\/19 - Scotland&#039;s Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2019\/02\/22\/this-week-22-02-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This week: 22\/02\/19 - Scotland&#039;s Economy\" \/>\n<meta property=\"og:description\" content=\"Economic Impact of &#8216;No Deal&#8217; Brexit A \u2018No Deal\u2019 Brexit could have a dramatic impact on Scotland\u2019s economy, with the potential for national Gross Domestic Product (GDP) to fall by up to 7%, according to a new report by the Scottish Government\u2019s Chief Economist. 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