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Sunday, April 21, 2024

Increase in GDP for Quarter 2 2021

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Responding to the publication of the first estimate of GDP for Quarter 2 2021 (April to June), Economy Secretary Kate Forbes (pictured) said:

“Today’s first estimate of a 4.7% increase in GDP for Quarter 2 2021 is a tribute to the adaptability and resilience shown by so many businesses during the pandemic.

“It is clear to see the growth in the second quarter reflects the removal of lockdown restrictions, increased mobility and the acceleration of the vaccination programme.

“Increasing economic prosperity is a key objective of this government because it is the means by which we invest in infrastructure, deliver public services and support our citizens.

“Fair and sustained economic growth is essential and the 10-year National Strategy for Economic Transformation, to be published this autumn, will build on our green economic recovery, prioritise investment in the industries of the future and deliver new, good and green jobs.

“Our Programme for Government, published just last week, sets out plans for a fairer, more resilient and sustainable economy – with a laser focus on creating new, good, green jobs.

“The pandemic is not over. Challenges remain and some sectors such as retail, tourism and hospitality still face obstacles on the road to recovery.

“But this GDP estimate clearly shows that Scotland’s economy is continuing its recovery from the global pandemic as we work with business and trades unions to build a greener, fairer and more prosperous economy with wellbeing at its core.”

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