The economy of Scotland, excluding the oil and gas industry in the North Sea, rose 0.2% in the first quarter compared to the previous quarter, when growth was 0.3%, according to the Scottish government. The weak growth of the Scottish economy, however, exceeded the rate of increase in the British GDP, which in the first quarter increased by 0.1%. Compared to the first quarter of last year, the economy of Scotland increased in the first quarter by 0.8%. At the same time, the British economy grew by 1.2%. The independent Scottish Budget Commission expects that the growth rate of the Scottish economy will remain below 1% for another five years.
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