GDP down by a third says economic expertpublished at 09:45 British Summer Time 21 April 2020
The economic impact of the efforts to tackle the coronavirus pandemic could see Gross Domestic Product (GDP) fall by around a third, according to a report by the Scottish government's Chief Economist Gary Gillespie,
Economy Secretary Fiona Hyslop said: “Our response to COVID-19 is saving lives, but I am deeply aware that the pandemic is having an economic effect that is already being felt across Scotland.
“The Scottish government is doing everything we can to support businesses at this very difficult time.
“We want Scotland to recover as quickly as possible from this outbreak, and that includes rebuilding our economy as quickly as is safely possible."