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Oil and tourism could make pandemic's economic shock more severe in Scotland

29 days ago   |   By Energy Voice

The Scottish Fiscal Commission has warned that the economic impact of the outbreak could be more severe in Scotland than the rest of the UK due to the predominance of the tourism and oil and gas industries.
While a near total collapse in demand has been cataclysmic for the tourism and North Sea sectors, there is the risk of terminal declines if the supply side of the economic equation emerges from the crisis greatly diminished.
James Bream, general manager of Katoni Engineering and a former director of Aberdeen and Grampian Chamber of Commerce, said previous downturns in the North Sea had...
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