Scotland Escapes Recession
Scotland Escapes Recession

Scotland Escapes Recession

Scotland Escapes Recession

Scotland’s economy defied gloomy expectations to grow by 0.8% during the first quarter of the year. Economic output was better than expected thanks to a boost in the manufacturing sector, statistics published by Scotland’s Chief Statistician show, BBC reported. Scottish government ministers were braced for bad news after experts warned last week that the chance of a Scottish recession was “in the balance”. Growth had shrunk by 0.2% in the previous quarter and two consecutive periods of negative growth would have left the country in recession. But the 0.8% growth is four times the rate of UK GDP growth over the same period.


Short URL : https://goo.gl/mXnyXJ
  1. https://goo.gl/FDLk4x
  • https://goo.gl/xPfSH8
  • https://goo.gl/guujiT
  • https://goo.gl/6FvxHp
  • https://goo.gl/iURx8b

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints