Recent GDP figures show that, in line with many other economies around the world, coronavirus is having a severe impact on the UK and Scottish economy.
The latest official figures show that Scotland’s GDP is provisionally estimated to have fallen by 18.9% in real terms during April, after a fall of 5.0% in March. These results are very similar to the pattern seen across the UK as a whole, and reflect the direct economic impacts of the Covid-19 pandemic in Scotland. Between March 2020 and April 2020, UK GDP has fallen by 20.4%, after a fall of 5.8% in March.
We have taken unprecedented actions to protect jobs and incomes, and support businesses, in order to prevent the severe but temporary economic disruption from leaving permanent scars on the economy.