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Insider UK
Insider UK
Business
Peter A Walker

Record employment and economic growth predicted for Edinburgh and Glasgow

Economic growth in Edinburgh and Glasgow is set to more than double in 2022, while the two cities are also predicted to achieve record levels of employment, according to forecasts published by Avison Young.

Edinburgh is forecast to see its Gross Value Added (GVA) increase to 5.5% this year, more than double its pre-Covid 10-year average of 2.6%.

The Glasgow economy is also expected to see substantial gains, with the property advisory firm predicting 5.7% growth during 2022, almost four times its pre-Covid average of 1.4%.

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