Fintech could help fuel Scotland's economic growth

as mentioned in Fintech could be Scotland's big ticket out of low-to-no economic growth over the next few years. "So the size of US and Chinese tech companies is completely different to anything in Europe. Milligan said online companies in the UK retail sector including Boohoo, Asos and Ocado also showed the UK could compete very well internationally. Scotland's fintech companies include online accounting business FreeAgent, which was bought earlier this year by Royal Bank of Scotland, and The ID Co, which helps banks make lending decisions by analysing live financial data. FinTech Scotland was set up with Scottish Government backing to promote Scotland's fintech sector.

Strong retail sales report suggests robust economic growth in the second quarter

U.S. retail sales rose solidly in June, boosted by increases in purchases of motor vehicles and a range of other goods, cementing expectations for robust economic growth in the second quarter. May's rise in retail sales was the largest since September 2017. Economists polled by Reuters had forecast retail sales rising 0.5 percent in June. Retail sales in June increased 6.6 percent from a year ago. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.

Strong retail sales report suggests robust economic growth in the second quarter

What if economic growth isn't as positive as you think?

as informed in When Donald Trump says "Make America Great Again," he's alluding, at least in part, to the promise of economic growth. Just as when Bill Clinton said, "it's the economy, stupid," he was really saying that "it's about economic growth, stupid." This is the Golden Promise of politics: more economic growth. advertisementEqually obvious is the knowledge that no economic growth is a bad thing. That say, yes, all other things being equal, economic growth is a positive thing. There's no such thing as a free lunch, and, for all its positives, economic growth has a dark side; its ecological impact.

collected by :Donald Luther

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