Scottish Economy Enjoys Summer of Success

Scotland’s economy is thriving despite global economic unrest, according to a business survey.

The research by accountants and business advisors BDO pointed to a rise in output levels as evidence of a “summer of success” for Scottish businesses.
A separate survey by the Bank of Scotland also suggested economic output had increased.

But both reports suggested there had been a fall in employment levels.
Martin Gill, head of BDO LLP in Scotland, said: “Political certainty has bolstered short-term business confidence. The result is a thriving economy, despite global economic unrest.

“However, as business success continues to exceed other markets, the strong pound will make it harder for our exporters – particularly manufacturers – to find customers. We can’t let confidence tip over into complacency; keeping us competitive should be a government priority.”

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza