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The Independent UK

Business

Sarah Ward

Economic growth forecast to slow amid fears over US tariffs on whisky

United States Economic Growth Office for National Statistics Scotland Insurance United Kingdom

Whisky is Scotland’s largest export but it is potentially vulnerable to US tariffs given America is its largest market (Jane Barlow/PA) - (PA Archive)

Economic growth is forecast to slow amid concerns over US tariffs on whisky after Scotland outperformed the UK last year.

Ernst & Young LLP warned growth prospects for 2025 “are weaker than previously anticipated”, with expected Gross Value Added (GVA) growth of 0.9% – down from 1.3% last quarter.

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