Scotland's economy grew by 0.7% in Q1 2024, led by a 0.5% increase in the services sector.
Scotland's economy grew by 0.7% in Q1 2024, recovering from a 0.5% contraction in Q4 2023. The services sector, which accounts for 75% of GDP, contributed to the growth with a 0.5% increase. Deputy First Minister and Economy Secretary Kate Forbes noted the positive results amidst challenging global economic conditions. This growth slightly outpaced the UK's 0.6% increase in Q1 2024, following a 0.3% decline in Q4 2023.
May 29, 2024
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