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Insider UK
Insider UK
Business
Peter A Walker

Scottish economy grows as UK set to avoid recession this year

The Scottish economy has reported growth of 0.3% in the three months to February 2023, according to the latest PwC UK Economic Outlook.

While the rate of growth north of the border is greater than that of north east, south east, south west and west Midlands - all at 0.2% - it was slower than regions such as London and Northern Ireland, which led on growth, at 0.9% and 0.6% respectively.

The regional growth disparities highlight growth in sectors such as arts and entertainment, which have benefited London, while Scotland has seen a slower pace of growth due to exposure to sectors such as manufacturing and those impacted by supply chain issues.

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