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Scottish Economy Enjoys Summer of Success

2024-06-22OANDAOANDA
Scotland’s economy is thriving despite global economic unrest, according to a business survey. The research by accountants and business advisors BDO pointed to a rise in output levels as evidence of a “summer of success” for Scottish businesses. A separate survey by the Bank of Scotland also suggested economic output had increased. But both reports […]

Scotland’s economy is thriving despite global economic unrest, according to a business survey.

The research by accountants and business advisors BDO pointed to a rise in output levels as evidence of a “summer of success” for Scottish businesses.
A separate survey by the Bank of Scotland also suggested economic output had increased.

But both reports suggested there had been a fall in employment levels.
Martin Gill, head of BDO LLP in Scotland, said: “Political certainty has bolstered short-term business confidence. The result is a thriving economy, despite global economic unrest.

“However, as business success continues to exceed other markets, the strong pound will make it harder for our exporters – particularly manufacturers – to find customers. We can’t let confidence tip over into complacency; keeping us competitive should be a government priority.”

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