World Economy

Scots Enjoying Healthy Growth

Scots Enjoying Healthy GrowthScots Enjoying Healthy Growth

The Scottish economy has seen its longest period of uninterrupted growth since 2001 but this has been driven partly by large one-off public building projects, the Scottish government’s chief economist has said, NewsNow reported. The eleventh consecutive quarter of expansion at the start of 2015 and “upbeat” forecasts for the future have been tempered slightly by warnings of continuing internal and external challenges. The economy may not be keeping pace with consumer spending with savings declining, and there are signs of an impending interest rate rise, chief economist Gary Gillespie said. All main sectors of the economy grew, with a particularly strong performance in construction, but this was driven wholly by public sector building.