Scottish GDP Bucks UK Gloom Thanks to the Euro-phoria
Scotland’s economy has shown remarkable resilience, with its GDP growth outpacing the rest of the UK. In July 2024, Scotland’s GDP grew by 0.3%, a stark contrast to the UK’s stagnant economic performance during the same period. This growth is largely attributed to increased consumer spending, driven by the excitement surrounding major sporting events like the Euros and the Olympics. Despite the broader economic challenges, Scotland’s economy continues to demonstrate strength and adaptability. Economic Resilience Amidst Challenges Scotland’s economic performance in recent months has been noteworthy. The GDP growth of 0.3% in July 2024 follows a revised 0% change in…