{"id":16228,"date":"2022-02-14T01:01:00","date_gmt":"2022-02-14T01:01:00","guid":{"rendered":"https:\/\/www.economicsobservatory.com\/?post_type=question&#038;p=16228"},"modified":"2022-02-14T10:55:08","modified_gmt":"2022-02-14T10:55:08","slug":"update-how-is-scotlands-economy-faring-in-the-pandemic","status":"publish","type":"question","link":"https:\/\/www.economicsobservatory.com\/test\/update-how-is-scotlands-economy-faring-in-the-pandemic","title":{"rendered":"Update: How is Scotland\u2019s economy faring in the pandemic?"},"content":{"rendered":"\n<p>New restrictions in Scotland (and Wales) have led to, arguably, the greatest variation between the nations of the UK in how governments are responding to the Covid-19 pandemic. Over Christmas, newspapers in Scotland were predicting a flood of people across the border as revellers sought out opportunities to celebrate Hogmanay. Of course, the reality was (and was always going to be) quite different. But how has Scotland been faring relative to the rest of the UK so far in the pandemic?<\/p>\n\n\n\n<p>As in other parts of the UK, cases of Covid-19 have been on the increase in Scotland in recent weeks. On Monday 3 January, positive Covid-19 cases reached over 20,000 for the first time. Public transport \u2013 from trains through to the ferries that connect Scotland\u2019s islands with the mainland \u2013 has been cut back for most of January as staffing levels have been hit. Even the men\u2019s Scottish Professional Football League brought forward their annual \u2018winter shutdown\u2019 as spectator numbers were limited to 500.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Figure 1: Confirmed new Covid-19 cases<\/h4>\n\n\n<section class=\"blocks__chart\">\n    <div id=\"chatEmbed718775\" class=\"blocks__chart-svg\"><\/div>\n\n    <script>\n        var spec = {\"$schema\":\"https:\\\/\\\/vega.github.io\\\/schema\\\/vega-lite\\\/v5.json\",\"description\":\"Cumulative Covid cases per 100,000\",\"data\":{\"url\":\"https:\\\/\\\/raw.githubusercontent.com\\\/RDeconomist\\\/observatory\\\/main\\\/Cases%20per%20100k%20Devolved%20Nations.csv\"},\"height\":400,\"width\":500,\"mark\":\"line\",\"encoding\":{\"x\":{\"field\":\"Date\",\"type\":\"temporal\",\"title\":null},\"y\":{\"field\":\"Cumulative cases per 100k\",\"type\":\"quantitative\",\"title\":\"\",\"sort\":[]},\"color\":{\"field\":\"Nation\",\"title\":null,\"type\":\"nominal\",\"legend\":{\"orient\":\"top-left\"},\"sort\":[],\"scale\":{\"range\":[\"#122b39\",\"#179fdb\",\"#36b7b4\",\"#5c268b\"]}},\"tooltip\":[{\"field\":\"Date\",\"type\":\"temporal\"},{\"field\":\"Cumulative cases per 100k\",\"type\":\"quantitative\",\"title\":\"Cumulative cases per 100k\"},{\"field\":\"Nation\"}]}};\n        var view = new vega.View(vega.parse(spec), {\n            responsive: true,\n            renderer: \"canvas\", \/\/ renderer (canvas or svg)\n            container: \"#chatEmbed718775\", \/\/ parent DOM container\n            hover: true \/\/ enable hover processing\n        });\n        view.run();\n\n        vegaEmbed('#chatEmbed718775', spec);\n    <\/script>\n<\/section>\n\n\n<h5 class=\"wp-block-heading\">Source:\u00a0<a href=\"https:\/\/coronavirus.data.gov.uk\/cases\">GOV.UK<\/a><\/h5>\n\n\n\n<p>As we have discussed in previous articles, one of the notable public policy features of this crisis in the UK has been that responsibilities for managing the public health and economic response have been split across devolved and national governments \u2013 see:\u00a0<a href=\"https:\/\/www.coronavirusandtheeconomy.com\/question\/what-are-implications-coronavirus-fiscal-devolution-uk\" target=\"_blank\" rel=\"noreferrer noopener\">What are the implications of coronavirus for fiscal devolution in the UK?<\/a><\/p>\n\n\n\n<p>One success in the UK\u2019s response to the pandemic has been the vaccination rollout. While there have been variations in how each nation of the UK has distributed vaccinations, the data show that the level of performance in vaccinations (and boosters) has been relatively similar (see Figure 2).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Figure 2: Vaccination (second dose and booster) by nation of the UK<\/h4>\n\n\n<section class=\"blocks__chart\">\n    <div id=\"chatEmbed890910\" class=\"blocks__chart-svg\"><\/div>\n\n    <script>\n        var spec = {\"config\":{\"view\":{\"continuousWidth\":400,\"continuousHeight\":300,\"stroke\":null}},\"data\":{\"url\":\"https:\\\/\\\/raw.githubusercontent.com\\\/EconomicsObservatory\\\/ECOvisualisations\\\/main\\\/articles\\\/update-how-is-scotlands-economy-faring-in-the-pandemic\\\/data\\\/fig2_vac.csv\"},\"mark\":{\"type\":\"area\",\"color\":{\"gradient\":\"linear\",\"stops\":[{\"color\":\"#36B7B4\",\"offset\":0.7},{\"color\":\"white\",\"offset\":0}],\"x1\":1,\"x2\":1,\"y1\":1,\"y2\":0},\"fillOpacity\":0.7,\"interpolate\":\"monotone\",\"line\":{\"color\":\"#36B7B4\"}},\"encoding\":{\"opacity\":{\"type\":\"nominal\",\"field\":\"dose\",\"legend\":{\"orient\":\"top-left\",\"padding\":85},\"title\":\"Dose\"},\"row\":{\"type\":\"nominal\",\"field\":\"region\",\"header\":{\"labelAnchor\":\"middle\",\"labelPadding\":-70,\"orient\":\"top\",\"title\":\"\"}},\"tooltip\":{\"type\":\"nominal\",\"field\":\"tooltip\"},\"x\":{\"type\":\"temporal\",\"axis\":{\"domainColor\":\"#676A86\",\"gridOpacity\":0.6,\"labelAngle\":0,\"labelColor\":\"#676A86\",\"orient\":\"bottom\",\"tickColor\":\"#676A86\",\"tickCount\":5,\"title\":\"\",\"titleAlign\":\"center\",\"titleAnchor\":\"middle\",\"titleColor\":\"#676A86\",\"titleX\":207,\"titleY\":-15},\"field\":\"date\",\"sort\":[]},\"y\":{\"type\":\"quantitative\",\"axis\":{\"domainColor\":\"#676A86\",\"format\":\".0%\",\"gridOpacity\":0.4,\"labelAlign\":\"left\",\"labelBaseline\":\"middle\",\"labelColor\":\"#676A86\",\"labelOffset\":-10,\"labelPadding\":-5,\"tickColor\":\"#676A86\",\"tickCount\":6,\"ticks\":false,\"title\":\"\",\"titleAlign\":\"left\",\"titleAngle\":0,\"titleColor\":\"#676A86\",\"titleFontSize\":10,\"titleFontWeight\":\"normal\",\"titleX\":21,\"titleY\":-5},\"field\":\"y\",\"sort\":[],\"stack\":false}},\"height\":90,\"title\":\"\",\"transform\":[{\"calculate\":\"datum.region+' | '+utcFormat(datum.date,'%B %d, %Y')+' | '+datum.dose+ ' dose: '+datum.value +'%'\",\"as\":\"tooltip\"},{\"calculate\":\"datum.value\\\/100\",\"as\":\"y\"}],\"width\":450,\"$schema\":\"https:\\\/\\\/vega.github.io\\\/schema\\\/vega-lite\\\/v4.8.1.json\"};\n        var view = new vega.View(vega.parse(spec), {\n            responsive: true,\n            renderer: \"canvas\", \/\/ renderer (canvas or svg)\n            container: \"#chatEmbed890910\", \/\/ parent DOM container\n            hover: true \/\/ enable hover processing\n        });\n        view.run();\n\n        vegaEmbed('#chatEmbed890910', spec);\n    <\/script>\n<\/section>\n\n\n<h5 class=\"wp-block-heading\">Source:\u00a0<a href=\"https:\/\/coronavirus.data.gov.uk\/details\/vaccinations\">GOV.UK<\/a><\/h5>\n\n\n\n<p>Away from public health data, just how well has the Scottish economy been coping with the effects of Covid-19? And is there updated evidence of any apparent divergence in economic outcomes with the rest of the UK?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Economic performance since the start of the pandemic<\/h3>\n\n\n\n<p>The Scottish government publishes a range of information on the performance of the Scottish economy. A tri-annual publication by the chief economist \u2013 the <a href=\"https:\/\/www.gov.scot\/collections\/state-of-the-economy\/\">State of the Economy<\/a> \u2013 provides a good overview and analysis of how the Scottish economy has been performing during the pandemic. The latest economic statistics can be found <a href=\"https:\/\/www.gov.scot\/collections\/economy-statistics\/\">here<\/a>.<\/p>\n\n\n\n<p>Scotland entered lockdown like the rest of the UK on 23 March 2020 \u2013 for a timeline of the various policy announcements in Scotland, see this\u00a0<a href=\"https:\/\/spice-spotlight.scot\/2020\/10\/16\/timeline-of-coronavirus-covid-19-in-scotland\/\" target=\"_blank\" rel=\"noreferrer noopener\">information sheet on the Scottish Parliament\u2019s website<\/a>.<\/p>\n\n\n\n<p>Scottish economic activity fell 22.3% between February and April 2020, compared with a fall of 25.1% in the UK as a whole (see Figure 3). Since then, and like the rest of the UK, economic activity has picked up. As of October 2021, the Scottish economy was 0.93% smaller than its pre-pandemic January 2020 level, whereas the UK economy was 0.75% smaller. In other words, there is no appreciable difference.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Figure 3: Scottish and UK GDP<\/h4>\n\n\n<section class=\"blocks__chart\">\n    <div id=\"chatEmbed908018\" class=\"blocks__chart-svg\"><\/div>\n\n    <script>\n        var spec = {\"$schema\":\"https:\\\/\\\/vega.github.io\\\/schema\\\/vega-lite\\\/v5.json\",\"description\":\"GDP UK and Scotland\",\"data\":{\"url\":\"https:\\\/\\\/raw.githubusercontent.com\\\/RDeconomist\\\/observatory\\\/main\\\/Scottish%20and%20UK%20GDP%20to%20Oct%2021.csv\"},\"height\":400,\"width\":500,\"mark\":\"line\",\"encoding\":{\"x\":{\"field\":\"Date\",\"type\":\"temporal\",\"title\":\"\"},\"y\":{\"field\":\"GDP\",\"type\":\"quantitative\",\"title\":\"GDP index (2017 = 100)\",\"sort\":[],\"scale\":{\"domain\":[70,110]}},\"color\":{\"field\":\"Country\",\"title\":null,\"type\":\"nominal\",\"legend\":{\"orient\":\"top-left\"},\"sort\":[],\"scale\":{\"range\":[\"#36b7b4\",\"#5c268b\"]}},\"tooltip\":[{\"field\":\"Date\",\"type\":\"temporal\"},{\"field\":\"GDP\",\"type\":\"quantitative\",\"title\":\"GDP index (2017=100)\"},{\"field\":\"Country\"}]}};\n        var view = new vega.View(vega.parse(spec), {\n            responsive: true,\n            renderer: \"canvas\", \/\/ renderer (canvas or svg)\n            container: \"#chatEmbed908018\", \/\/ parent DOM container\n            hover: true \/\/ enable hover processing\n        });\n        view.run();\n\n        vegaEmbed('#chatEmbed908018', spec);\n    <\/script>\n<\/section>\n\n\n<h5 class=\"wp-block-heading\">Source: Office for National Statistics (ONS) and Scottish Government<\/h5>\n\n\n\n<p>Of course, these aggregate numbers for both Scotland the UK disguise the significant variations in economic experience we have seen over the course of the pandemic.<\/p>\n\n\n\n<p>Across different sectors, we see huge variations in levels of economic activity. For example, in accommodation and food services, economic activity remains well below its 2020 level and is faring much worse than the overall economy (see Figure 4). Other sectors, such as professional, scientific and technical services, have bounced back and are now above their pre-pandemic peaks.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Figure 4: Scottish monthly GDP changes during the pandemic (from February 2020)<\/h4>\n\n\n<section class=\"blocks__chart\">\n    <div id=\"chatEmbed522341\" class=\"blocks__chart-svg\"><\/div>\n\n    <script>\n        var spec = {\"config\":{\"view\":{\"continuousWidth\":400,\"continuousHeight\":300,\"stroke\":null}},\"layer\":[{\"data\":{\"name\":\"data-632f61fef1e2fccc41daf02461a934b2\"},\"mark\":{\"type\":\"rule\",\"color\":\"#676A86\",\"opacity\":0.4,\"strokeDash\":[5,5],\"strokeWidth\":1},\"encoding\":{\"x\":{\"type\":\"quantitative\",\"field\":\"x\",\"sort\":[]}}},{\"data\":{\"name\":\"data-632f61fef1e2fccc41daf02461a934b2\"},\"mark\":{\"type\":\"rule\",\"color\":\"#676A86\",\"opacity\":0.4,\"strokeDash\":[5,5],\"strokeWidth\":1},\"encoding\":{\"y\":{\"type\":\"quantitative\",\"field\":\"y\",\"sort\":[]}}},{\"data\":{\"url\":\"https:\\\/\\\/raw.githubusercontent.com\\\/EconomicsObservatory\\\/ECOvisualisations\\\/main\\\/articles\\\/update-how-is-scotlands-economy-faring-in-the-pandemic\\\/data\\\/fig4_industry.csv\"},\"mark\":{\"type\":\"point\",\"fillOpacity\":0.7,\"opacity\":0.4},\"encoding\":{\"color\":{\"type\":\"nominal\",\"field\":\"industry\",\"legend\":null,\"scale\":{\"range\":[\"#36B7B4\",\"#E6224B\",\"#F4C245\",\"#0063AF\",\"#00A767\",\"#179FDB\",\"#EB5C2E\",\"#F4134D\",\"#122B39\",\"#E54753\",\"#243B5A\",\"#676A86\",\"#36B7B4\",\"#E6224B\",\"#F4C245\",\"#0063AF\",\"#00A767\",\"#179FDB\",\"#EB5C2E\",\"#5C267B\",\"#122B39\"]}},\"fill\":{\"type\":\"nominal\",\"field\":\"industry\",\"legend\":null,\"scale\":{\"range\":[\"#36B7B4\",\"#E6224B\",\"#F4C245\",\"#0063AF\",\"#00A767\",\"#179FDB\",\"#EB5C2E\",\"#F4134D\",\"#122B39\",\"#E54753\",\"#243B5A\",\"#676A86\",\"#36B7B4\",\"#E6224B\",\"#F4C245\",\"#0063AF\",\"#00A767\",\"#179FDB\",\"#EB5C2E\",\"#5C267B\",\"#122B39\"]}},\"size\":{\"type\":\"quantitative\",\"field\":\"size\",\"legend\":null,\"scale\":{\"domain\":[0,20]}},\"tooltip\":{\"type\":\"nominal\",\"field\":\"tooltip\"},\"x\":{\"type\":\"quantitative\",\"axis\":{\"domainColor\":\"#676A86\",\"format\":\".0%\",\"grid\":false,\"labelAngle\":0,\"labelColor\":\"#676A86\",\"orient\":\"bottom\",\"tickColor\":\"#676A86\",\"tickCount\":10,\"title\":\"GDP change Feb 2020 - 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At the peak, around 780,000 jobs in Scotland were furloughed under the UK government\u2019s Coronavirus Job Retention Scheme (CJRS), equating to 32%\u00a0of the workforce.<\/p>\n\n\n\n<p>Overall, labour market outcomes in Scotland remain broadly similar to the UK average.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Table 1: UK regional labour market outcomes, for the three-month period August \u2013 October 2021<\/h4>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td><\/td><td><strong>Employment<\/strong><br>Aged 16-64<br>Rate (%)<\/td><td><strong>Unemployment<\/strong><br>Aged 16+<br>Rate (%)<\/td><td><strong>Economically inactive<\/strong><br>Aged 16-64<br>Rate (%)<\/td><\/tr><tr><td><strong>United Kingdom<\/strong><\/td><td>75.5<\/td><td>4.2<\/td><td>21.2<\/td><\/tr><tr><td><strong>Scotland<\/strong><\/td><td>74.6<\/td><td>4.1<\/td><td>22.1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Source: ONS<\/h5>\n\n\n\n<p>But one thing that we are seeing in the labour market is a variation in outcomes <em>within<\/em> Scotland. In particular, the job market in the North East of Scotland \u2013 traditionally one of the most prosperous parts of Scotland \u2013 appears to be more challenging.<\/p>\n\n\n\n<p>This trend, arguably, has less to do with the immediate Covid-19 crisis and more to do with long-term structural change in the North East economy as the North Sea oil and gas industry continues to enter its twilight years (see Figure 5). Indeed, this is something that the Scottish Fiscal Commission noted as being a potential factor driving a divergence in long-term growth prospects between Scotland and the UK. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Figure 5: PAYE employment in regions of Scotland and the UK<\/h4>\n\n\n<section class=\"blocks__chart\">\n    <div id=\"chatEmbed450917\" class=\"blocks__chart-svg\"><\/div>\n\n    <script>\n        var spec = {\"$schema\":\"https:\\\/\\\/vega.github.io\\\/schema\\\/vega-lite\\\/v5.json\",\"description\":\"Regional PAYE employment\",\"height\":350,\"width\":350,\"data\":{\"url\":\"https:\\\/\\\/raw.githubusercontent.com\\\/RDeconomist\\\/observatory\\\/main\\\/PAYE%20Employment%20Regions.csv\"},\"mark\":\"bar\",\"encoding\":{\"y\":{\"field\":\"Region\",\"sort\":\"\",\"title\":\"\"},\"x\":{\"aggregate\":\"sum\",\"field\":\"Percentage\",\"title\":\"Change in PAYE employment (%)\"},\"color\":{\"field\":\"Region\",\"type\":\"nominal\",\"scale\":{\"range\":[\"#122b39\",\"#122b39\",\"#122b39\",\"#122b39\",\"#122b39\",\"#122b39\",\"#e6224b\",\"#122b39\",\"#122b39\",\"#36b7b4\",\"#122b39\",\"#122b39\",\"#122b39\",\"#36b7b4\",\"#122b39\",\"#122b39\",\"#122b39\",\"#122b39\",\"#122b39\",\"\"]},\"legend\":null}}};\n        var view = new vega.View(vega.parse(spec), {\n            responsive: true,\n            renderer: \"canvas\", \/\/ renderer (canvas or svg)\n            container: \"#chatEmbed450917\", \/\/ parent DOM container\n            hover: true \/\/ enable hover processing\n        });\n        view.run();\n\n        vegaEmbed('#chatEmbed450917', spec);\n    <\/script>\n<\/section>\n\n\n<h5 class=\"wp-block-heading\">Source: HMRC<\/h5>\n\n\n\n<h3 class=\"wp-block-heading\">The policy response<\/h3>\n\n\n\n<p>While most public health policy levers \u2013 including indirect levers such as the opening and closing of schools \u2013 are controlled by the Scottish government, the key macroeconomic policy support levers (such as the furlough scheme and large-scale government borrowing) are held by the UK government. This means that throughout the crisis, the policy response has been a joint effort between Westminster and Holyrood.<\/p>\n\n\n\n<p>But throughout the pandemic there have been controversies between the Scottish and UK governments over the allocation of funding and the ability of the Scottish government \u2013 and the other devolved governments \u2013 to have greater flexibility over the overall spending envelope that they have. A recent Institute for Fiscal Studies (IFS) <a href=\"https:\/\/ifs.org.uk\/publications\/15894\">report<\/a> provides some useful insights on how the funding arrangements for the devolved nations has worked during Covid-19.<\/p>\n\n\n\n<p>The Scottish government implemented a range of <a href=\"https:\/\/spice-spotlight.scot\/2020\/04\/15\/coronavirus-covid-19-non-domestic-rates-related-business-support-faqs\/\">economic support packages<\/a>, such as business rates holidays and business support grants. At the start of the crisis, the measures introduced were largely consistent with those announced for the UK as a whole, funded by \u2018Barnett consequentials\u2019 (a mechanism used to adjust public spending in devolved nations to reflect changes in spending allocated to public services in England) from equivalent programmes in England.<\/p>\n\n\n\n<p>But in recent times, for example, in relation to business rates relief for businesses in retail, hospitality and leisure, there has been a greater divergence. The Scottish government initially offered a more generous scheme but plans for this year are less generous than those in England.<\/p>\n\n\n\n<p>Given the limited levers to provide immediate economic support, the Scottish government\u2019s primary economic policy focus has therefore been on the recovery and rebuilding the economy over time. During the height of the pandemic, the Scottish government published a <a href=\"https:\/\/www.gov.scot\/publications\/towards-robust-resilient-wellbeing-economy-scotland-report-advisory-group-economic-recovery\/\">report<\/a> setting out its ambitions for the recovery with a focus on economic wellbeing. It also plans to publish a new National Strategy for Economic Transformation early in 2022.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What next?<\/h3>\n\n\n\n<p>Throughout the pandemic, the economic performance of Scotland has broadly tracked that of the UK as a whole. But many of the long-term challenges that were facing the Scottish economy prior to Covid-19 remain \u2013 from the declining oil and gas sector through to a population profile that is ageing more quickly than the UK as a whole.<\/p>\n\n\n\n<p>With the Scottish government\u2019s budget dependent, to an increasing extent, on the revenues raised from taxes that have been devolved to Scotland, the importance of economic growth is now even more significant.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.fiscalcommission.scot\/publications\/scotlands-economic-and-fiscal-forecasts-december-2021\/\">latest forecasts from the Scottish Fiscal Commission<\/a>, published in December 2021, paint a challenging picture for the outlook of the nation\u2019s public finances. Despite significantly higher income tax rates for those in Scotland earning above \u00a327,850, the Scottish government has not seen its budget increase beyond the level that would have been realised without income tax devolution. This is primarily because of the slower growth in the tax base in Scotland relative to the rest of the UK.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Where can I find out more?<\/h3>\n\n\n\n<ul><li><a href=\"https:\/\/www.gov.scot\/collections\/economy-statistics\/\">Scottish government economic statistics<\/a><\/li><li><a href=\"https:\/\/www.gov.scot\/collections\/state-of-the-economy\/\">Scottish government State of the Economy<\/a><\/li><li><a href=\"https:\/\/www.fiscalcommission.scot\/publications\/scotlands-economic-and-fiscal-forecasts-december-2021\">Scottish Fiscal Commission Scotland\u2019s Economic and Fiscal Forecasts<\/a><\/li><li><a href=\"https:\/\/www.niesr.ac.uk\/publication-type\/uk-economic-outlook\">National Institute of Economic and Social Research UK Economic Outlook<\/a> (including forecasts for Scotland and other devolved nations\/English regions)<\/li><li><a href=\"https:\/\/fraserofallander.org\/research\/fai-economic-commentary\/\">Fraser of Allander Economic Commentary<\/a><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Who are experts on this question?<\/h3>\n\n\n\n<ul><li>David Bell<\/li><li>Anton Muscatelli<\/li><li>Nicola McEwen<\/li><li>Graeme Roy<\/li><li>Stuart McIntyre<\/li><li>Arnab Bhattacharjee<\/li><li>Fraser of Allander Institute<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">Authors: Graeme Roy and Stuart McIntyre<\/h5>\n\n\n\n<h6 class=\"wp-block-heading\">Editors\u2019 note: This is an update of an Economics Observatory article originally published on 29 October 2020 (previous version available <a href=\"https:\/\/www.economicsobservatory.com\/how-scotlands-economy-faring-pandemic\">here<\/a>).<\/h6>\n\n\n\n<h6 class=\"wp-block-heading\">Photo by\u00a0Adam Wilson\u00a0on\u00a0Unsplash<\/h6>\n","protected":false},"featured_media":16248,"template":"","categories":[235,225,222],"tags":[1027,600,916,1056,515,917,1078,1055],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Update: How is Scotland\u2019s economy faring in the pandemic? - Economics Observatory<\/title>\n<meta name=\"description\" content=\"Despite a recent divergence in Covid-19 restrictions between Scotland and the rest of the UK, outcomes during the pandemic have largely converged. 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