Three key points from RBS Chief Economist on Scottish businesses - including growing confidence
In a video exclusive for The Scotsman, Sebastian Burnside - chief economist for RBS and the Natwest Group - talks through their latest regional growth data for Scotland
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00:00Hi, my name is Sebastian Burnside, Chief Economist of the Royal Bank of Scotland, and I'm here
00:04today to give Scotsman readers my three top takeaways from our latest Growth Tracker.
00:11First of all, businesses are telling us that they've made a great start to the second half
00:15of the year, with two months of strong output momentum. Secondly, they're also reporting
00:22that the increases in costs that they're seeing are at the weakest levels that they've experienced
00:29for the last three years, indicating that inflationary pressures are finally easing.
00:35And thirdly, they are reporting expectations about future levels of business and confidence
00:42as highest as they've been in the last 18 months. Thank you for listening.