Scotland’s economy avoids recession with growth of 0.1% in final quarter of 2022

The economy had contracted in the period July to September, but grew again over October to December, meaning recession was avoided.

Scotland’s economy avoided recession, with GDP growth of 0.1% recorded in the final three months of last year. (Dominic Lipinski/PA)

Scotland avoided entering recession at the end of 2022, with new figures showing the economy grew by 0.1% in the final three months of the year.

After a 0.1% fall in GDP in the period July to September, another quarter of negative growth would have seen Scotland formally in recession – defined as two consecutive quarters of negative economic growth.

While the latest Scottish Government statistics showed that was avoided, monthly figures showed GDP was down by 0.6% in the month of December.