BNP Paribas Real Estate Scottish Office Market: Winter 2010 Review

05 March 2010

"The recession has been much deeper than was anticipated. Total GVA (Gross Value Added) for Scotland contracted sharply by 4.4% in 2009, broadly in line with the national average. This year will see a slow recovery for the Scottish economy as output growth for the financial and business services is expected to remain weak until we see more stability in the financial markets. Forecasts also indicate that GVA growth in Scotland will lag behind the UK average over the medium term."

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