4 October 2017

  |  CBI Scotland

Press release

CBI Scotland responds to latest Scottish GDP figures

Hugh Aitken, CBI Scotland Director, has responded to the latest GDP statistics for Scotland.

CBI Scotland responds to latest Scottish GDP figures

Hugh Aitken, CBI Scotland Director, said:  

“Second quarter growth of just 0.1% is disappointing and shows that the Scottish economy still has some way to go before we can start talking about a meaningful recovery.

“Growth in Scotland still trails the rest of the UK, which recorded growth of 0.3% for the same period, reinforcing the need to remain focussed on productivity enhancing measures, creating a competitive tax regime and ensuring Scotland is a great place to do business.     

“The Scottish economy faces a number of clear and immediate challenges, with a slowing UK economy compounded by continued low oil prices and Brexit-related uncertainty. The best way to build resilience is for business and government to work together to create a positive, pro-business environment that can drive inclusive growth and deliver benefits to the whole of Scotland.”