Commenting on the news that Scotland’s GDP grew by 0.5% in the fourth quarter of 2012, Scottish Chambers of Commerce Chief Executive, Liz Cameron, said:
“The news that Scotland’s economy grew strongly for the second consecutive quarter is extremely welcome and is in contrast to the more gloomy figures for the UK as a whole. Nevertheless we still anticipate fairly weak overall growth trends during this year, meaning that there is no room for complacency when it comes to government action to help ensure a competitive economic environment in Scotland.
“The problem of below trend growth in Scotland and how to support businesses to achieve a competitive advantage in the global marketplace is one of the central challenges to politicians in the ongoing debate over Scotland’s constitutional future. Scotland’s businesses need a clear prospectus that will help them to understand where future opportunities might lie, irrespective of the outcome of next year’s referendum.”