1.19 The government Financial Method also features a longerterm target to match the GDP advancement charge for the smaller independent EU international locations by 2017 nine. As with Scotland's functionality towards the uk, there has been a narrowing for the advancement gap among Scotland and therefore the smaller EU international locations on the most up-to-date quarters because the Scottish financial state has long been less impacted through the slowdown on the intercontinental financial state (see Chart 1.five). As an illustration, Denmark was in the specialized recession, outlined as two consecutive quarters of unfavorable advancement, at the end of the main quarter of 2008.
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