{"id":4819,"date":"2021-07-21T09:58:40","date_gmt":"2021-07-21T08:58:40","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=4819"},"modified":"2021-07-21T09:59:36","modified_gmt":"2021-07-21T08:59:36","slug":"response-to-scotlands-gdp-estimate-for-may-2021","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2021\/07\/21\/response-to-scotlands-gdp-estimate-for-may-2021\/","title":{"rendered":"Response to Scotland’s GDP estimate for May 2021"},"content":{"rendered":"

 <\/p>\n

\"\"<\/a>\u201cIt is encouraging to see Scotland\u2019s economy continuing to recover from the pandemic.<\/p>\n

\u201cThe 0.9% rise in Scotland\u2019s GDP during May is the fourth consecutive monthly increase and output is now 2.7% below its pre-pandemic level in February 2020, having increased from a low of -22.6% in April 2020.<\/p>\n

\u201cI am particularly pleased to see further recovery in the service sector as restrictions have eased, and that manufacturing and construction output are above pre-pandemic levels.<\/p>\n

\u201cAlthough conditions remain difficult for many businesses, their resilience and ingenuity, combined with the careful lifting of restrictions, is creating conditions for sustainable growth.<\/p>\n

\u201cThe Scottish Government is determined to build a greener, fairer and more prosperous economy and our ambitious 10 year National Strategy will drive Scotland\u2019s economic transformation. But we want to do more and I am pressing the UK Government to provide greater financial certainty by guaranteeing COVID-19 consequential payments and relaxing restrictions on borrowing.\u201d<\/p>\n

Kate Forbes, Cabinet Secretary for Finance and the Economy<\/strong><\/em><\/p>\n

Background<\/strong><\/p>\n

Scotland\u2019s GDP estimate for May 2021<\/a> is available online.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  \u201cIt is encouraging to see Scotland\u2019s economy continuing to recover from the pandemic. \u201cThe 0.9% rise in Scotland\u2019s GDP during May is the fourth consecutive monthly increase and output is now 2.7% below its pre-pandemic level in February 2020, having increased from a low of -22.6% in April 2020. \u201cI am particularly pleased to…<\/p>\n","protected":false},"author":486,"featured_media":4820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nResponse to Scotland's GDP estimate for May 2021 - Scotland's Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2021\/07\/21\/response-to-scotlands-gdp-estimate-for-may-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Response to Scotland's GDP estimate for May 2021 - 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