Scotland's Economy Shows Resistance Despite GDP Fall: Details Revealed

Wednesday, 28 February 2024, 10:30

In the latest quarter, Scotland's GDP experienced a notable decline of 0.6%, primarily impacted by a 1.3% drop in the construction sector and a 3% fall in the production sector. However, despite these setbacks, Scotland has managed to avoid slipping into a recession, demonstrating resilience in the face of economic challenges.

https://store.livarava.com/83c4b2f4-d626-11ee-b894-5254a2021b2b.jpe — Scotland's Economy Shows Resistance Despite GDP Fall: Details Revealed

Scotland Economy Update

Despite a 0.6% decline in GDP in the final quarter, Scotland's economy remains stable.

Sector Impact

Construction sector output decreased by 1.3%.
Production sector experienced a 3% fall.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Scotland Economy Update

Sector Impact

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