Today’s GDP figures are good news for Scotland, according to Scottish Secretary Alistair Carmichael.
Commenting on the statistics, Mr Carmichael said:
The fact the GDP figures show the strongest rate of annual economic growth since 2007 is good news for Scotland.
The economy has grown by 0.7% for the quarter and by 1.9% over 2013. This comes on the back of a sustained period of good news for the Scottish and UK economy.
Our plan for the economy is working and there is still a great deal of work to do.
Scotland continues to do well as part of the UK, with Scottish figures showing the economy here grew by 0.7% and is up 2.1% compared to a year ago, with key industry sectors showing positive growth. Scotland’s economic performance is comparable to that of the UK as a whole.
The UK GDP figures come in the wider positive context which show the inflation rate dropping to 2% from a peak of 5.2% in September 2011, a recovering labour market and both the World Bank and the IMF indicating they expect higher global economic growth in 2014.