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Scottish economy returns to growth

10:25, Feb 1 2013

 

The economy has returned to growth in Scotland, according to newly released statistics.

Gross Domestic Product (GDP) increased slightly by 0.6% during the third quarter of last year, and by 0.4% compared with the same time in 2011.

Finance Secretary John Swinney said: "These figures show that the Scottish economy has returned to growth after two quarters of contraction.

"Scotland's improved economic performance compares well to that of the UK where growth was supported by the temporary impact of the Olympics.

"However, there is no room for complacency. Recovery remains fragile - demonstrated by last week's flash estimate of a contraction in UK output during Q4 2012 - and the UK Government's continuing inaction risks a return to recession for the third time since the financial crisis of 2008."

 

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