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Scotland's Economy Faces US Tariff Fallout, Job Threats

6/4/2025

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Summary

Story summary

Scotland's economy is grappling with the fallout from new US tariffs, shaking business confidence and threatening jobs in export-heavy regions like Clackmannanshire and Moray. With growth projections slashed to just 0.6% for 2025 and 2026, hope lies in a predicted rise in consumer spending by 2026, paving the way for a brighter 2027.

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Story summary

Scotland's economy is grappling with the fallout from new US tariffs, shaking business confidence and threatening jobs in export-heavy regions like Clackmannanshire and Moray. With growth projections slashed to just 0.6% for 2025 and 2026, hope lies in a predicted rise in consumer spending by 2026, paving the way for a brighter 2027.