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Scottish economy 'could regain lost ground in two years'
A new report has suggested that Scotland's economy could regain all ground lost in 2020 as a result of the pandemic within the next two years. KPMG is also forecasting the recovery could outpace the UK-wide average. Recent official data estimated Scotland's economy took a 9.6% hit last year. But KPMG analysis suggests the economy could bounce back with a successful vaccine rollout and a potential post-restrictions "consumer bounce". Its "best case" scenario suggests that could result in Scotland seeing annual GDP growth in 2021 of up to 5.5%, and up to 5.8% in 2022. 'More than 1,200' Scottish stores closed in ... (full story)
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