From the Scottish Government (!) today: Scotland’s onshore GDP is estimated to have fallen by 0.1% in November. This follows a contraction of 0.6% in October (revised from -0.5%). In the three months to November, GDP is estimated to have contracted by 0.2% compared to the previous three month period. This indicates a slowing of growth, relative to the increase of 0.4% in 2023 Quarter 3 (July to September). Try searching for the word ‘offshore’ in the full report. Not a mention. But what, I hear you say about those booming energy revenues from oil, gas and renewables? You know, … Continue reading GDP – Does any other country have to ignore its offshore activity to make it seem to be in trouble?