That’s according to a new report from The Scottish Chambers of Commerce
Scotland’s economic recovery has been kick-started by the end of Covid-19 restrictions in August, a new report has found.
The Scottish Chambers of Commerce (SCC) quarterly economic indicator report found an increase in confidence across all sectors in the third quarter of this year.
But uncertainty continues across businesses, with worries over the energy crisis potentially pushing prices up for firms, as well as tax and inflation worries.
Tim Allan, president of the SCC, said: “The survey results indicate that confidence and domestic sales are generally strong across all sectors surveyed, with expectations in line with improving economic forecasts that the Scottish economy should return to pre-pandemic levels in the spring of 2022.
“After what has been an extremely challenging past 18 months for Scottish businesses, many are now looking and working towards building back to a new normality.
“However, that progress is under significant threat with increasing concern over the emerging energy crisis driving up business costs, inflation and taxation, the cost of raw materials and shipping, all of which are fuelling uncertainty at a time when businesses urgently need confidence and certainty to continue their recovery from the pandemic.”
Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, Times Video journalists provide a revealing and unforgettable view of the world.Original story from https://www.nytimes.com
