The Scottish Fiscal Commission has warned that the economic impact of the outbreak could be more severe in Scotland than the rest of the UK due to the predominance of the tourism and oil and gas industries.
By Amanda McCulloch, managing director, Thorpe Molloy McCulloch
Despite a weakening global economic outlook, I believe we are working in a local business environment of pragmatic optimism. Sustained recovery in the oil and gas sector, technology innovation and diversification activities are contributing to business growth and new employment opportunities.
By Jean Morrison, chair, Aberdeen Renewable Energy Group
Given Aberdeen’s long-established position as Europe’s leading energy hub and its global reputation for energy project delivery, the energy transition is set to have a major impact on the local supply chain.
A global expert has claimed Aberdeen’s diversification and regeneration is “paying dividends” as it was announced £8.4 billion of public and private investment is due to be delivered to the north-east before 2030.
The value of exploration and production activity across the UK Continental Shelf (UKCS) continues to rise with firms also now equally optimistic about the North Sea and international markets for the first time since 2013.