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Insider UK
Insider UK
Business
Peter A Walker

Edinburgh and Glasgow lead the pack as UK set to exit recession in mid-2023

Edinburgh and Glasgow's local economies are set to be among the fastest growing as the UK emerges from recession in the second half of 2023.

Law firm Irwin Mitchell, in partnership with the Centre for Economics and Business Research (Cebr), examined 50 locations across the UK, forecasting future growth in terms of Gross Value Added (GVA) and employment.

The report, which estimates that the UK entered into a recession in the second half of 2022, expects economic growth to resume in the second half of 2023.

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