1.19 The federal government Financial Approach also features a longerterm concentrate on to match the GDP growth cost for the smallish independent EU nations around the world by 2017 9. Just like Scotland's performance in opposition to the uk, there's been a narrowing for the growth gap around Scotland and then the smallish EU nations around the world from the most up-to-date quarters since the Scottish financial system has become a lot less influenced with the slowdown from the world financial system (see Chart 1.five). Such as, Denmark was within a specialized recession, outlined as two consecutive quarters of adverse growth, at the end of the initial quarter of 2008.
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