John Swinney: We can be optimistic for Scotland’s Economy in the face of challenges

First Minister John Swinney will highlight the immense strengths of Scotland's economy in a keynote speech to the Scottish Chambers of Commerce tonight (Thursday 27 November).

Mr Swinney is expected to say:

“Despite all the challenges we face, each day I spend in office, or travelling the country meeting businesses, makes me optimistic about Scotland's economic strengths.

“We continue to make progress, and build the foundations we need for our future economic success.

“Earlier this month, two of the world's most distinguished credit ratings agencies give Scotland the highest possible credit rating under current circumstances.

"Reflect on that for a moment. Two independent, international agencies, using different methodologies, have come to that same conclusion. They have placed us ahead of many much larger global economies - including Spain, Japan, and Italy.

“This is an extremely positive step towards raising Scotland's profile in the international capital markets, and demonstrating that we are serious about becoming a more investor friendly destination.”

He is expected to continue:

“We know that Scotland's economy has benefitted hugely from hosting sporting spectacles like the Commonwealth Games, UCI Cycling Championships, the Open Championships, and the Island Games.

“But Scotland's first participation in the World Cup since 1998 provides a particularly special opportunity to raise Scotland's profile on the global stage, and boost our reputation as a hub for trade and tourism.

“And I want every single one of you in this room – airports, restaurants, exporter, importers, universities, colleges, and local chambers of commerce - to work with me to explore how we can maximise the economic opportunity of Scotland's participation in the World Cup, and showcase all that we have to offer to the world stage."