Date lodged: 20 February 2019
To ask the Scottish Government whether it will provide an update on the impact that Brexit will have on Scotland.
Answered by: Michael Russell 28 February 2019
The Scottish Government’s Chief Economist published analysis on 21st February indicating that a No Deal Brexit could be expected to push the Scottish economy into recession during 2019. The analysis indicated that there is the potential for the economy to contract by between 2.5%-7% depending on the way in which a No Deal Brexit evolves.
Previous analysis published in Scotland’s Place in Europe: People, Jobs and Investment outlined the long term implications of Brexit for Scotland’s economy. Our modelling inicates that by 2030 our GDP would be around £9 billion lower than if we stayed in the EU. That is equivalent to £1600 for every person in Scotland.