A leading Scottish economist has said the greater exposure to the “economic fallout” of the Covid-19 crisis suffered by Aberdeen and wider north-east, compared with other parts of the country, must not be forgotten in post-pandemic rebuilding efforts.
The oil and gas industry contributed £9 billion in gross value added to the Scottish economy last year, more than 5% of GDP.
Europe’s plan to put a price on dirtier imports risks getting caught up in global trade tensions as the fallout from the coronavirus pandemic eclipses climate change as the biggest challenge for governments.
The threat of a no-deal Brexit is back -- and with it the risk that the U.K. economy’s shaky recovery from the coronavirus pandemic will be hobbled.
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
Scotland's economy has "lagged behind" that of other advanced small nations, according to a report which put the country bottom of the list for a key performance measure.
The British economy grew by a meagre 0.1% in the first quarter - the slowest pace in five years - as consumer-facing industries and construction bore the brunt of the pain.
Britain's economy performed better than expected in the fourth quarter thanks to the country's powerhouse services sector, though there are warning signs of "slower and uneven" growth.
Brexit could reduce business investment in Scotland by £1 billion by 2019, a new report on the state of the economy has warned.
Scotland’s ability to provide services to the oil and gas industry has been bolstered by a £5.1 million research and development (R&D) investment.
Scotland’s deficit has been cut to £13.3billion over the past year.
Scotland’s private sector is “moving up a gear” with output in July rising at the fastest pace in almost three years, according to a new report.
Brexit uncertainty is having a negative impact on economic growth and the housing market, according to a new report.
The UK economy is on course for an even deeper slowdown as consumer spending and business investment take a hit from uncertainty surrounding the Brexit negotiations, new research has found.
The Scottish economy grew in the first three months of the year, staving off fears of a recession.
Economic experts have warned it is “in the balance” whether or not Scotland formally goes into recession next week.
Nicola Sturgeon’s “mismanagement” of the economy has come under fire after new figures showed GDP north of the border shrank in the final three months of 2016.
The North Sea oil and gas downturn is continuing to hamper the recovery of the Scottish economy, according to new research.
A retail study has warned trade in north-east towns and Aberdeen city centre will be hit if two major developments are approved.
The economy will grow at its slowest pace since the 2009 recession this year as soaring inflation and lacklustre wage growth bring an end to Britain’s consumer spending boom, a report has warned.
Royal Bank of Scotland (RBS) says Scotland’s economy continues to improve, apart from the oil and gas downturn-hit north-east.
Scotland’s economy is expected to slow over the next couple of years due to political and economic uncertainty, according to experts.
On September 28, the Organization of the Petroleum Exporting Countries (OPEC) announced it had reached a tentative deal to cap production between 32.5 and 33.0 million barrels per day. The agreement would remove 0.5 to 1.0 million barrels from the global market. Commodity traders reacted immediately to the news, boosting the spot price for West Texas Intermediate (WTI) and Brent by $2 per barrel that day. September closed with WTI at $48.24 and Brent at $49.24, nearly double their February lows.
The number of failing businesses in Scotland has grown by almost a third this year, according to new insolvency figures.
Scottish independence has “some logic” from a democratic standpoint but the economic risks could transform the nation into “Greece without the sun”, according to a right-wing think tank.