Grangemouth Refinery Shutdown Wipes Out Scotland’s GDP Growth, Official Data Shows
Scotland's economy has taken a direct hit following the closure of the Grangemouth oil refinery, with official figures showing GDP contracted in the second quarter, effectively erasing earlier growth. A Brutal Reversal After a Positive Start to the Year After showing signs of modest recovery in early 2025, Scotland's economic growth has stumbled backward. According to the latest figures released by the Scottish Government, GDP fell by 0.4% in the three months leading to May. That number exactly offsets the 0.4% rise in the first quarter—putting the economy right back where it started at the turn of the year. May…
