19-08-2020 17:27 via uk.finance.yahoo.com

Scotland struggles to rebound despite its smaller recession

Scotland’s economy is struggling to climb back out of recession, making slower progress in its recovery than the UK as a whole, despite suffering a smaller drop at the height of lockdown. GDP grew by 5.7pc in June, falling short of the 8.7pc surge recorded nationally. It came after the economy shrank by 5.8pc in March and 19.2pc in April - both extremely large drops, but less severe than the UK-wide collapse. But despite this better starting position, growth has been slower since April. As
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