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Insider UK
Insider UK
Business
Katrine Bussey & Peter A Walker

Scotland’s economy avoids recession with growth of 0.1% in final quarter

Scotland avoided entering recession at the end of 2022, with new figures showing the economy grew by 0.1% in the final three months of the year.

After a 0.1% fall in GDP in the period July to September, another quarter of negative growth would have seen Scotland formally in recession – defined as two consecutive quarters of negative economic growth.

While the latest Scottish Government statistics showed that was avoided, monthly figures showed Gross Domestic Product (GDP) was down by 0.6% in the month of December.

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