Scotland optimistic about economic growth in 2014

(MENAFN) The Scottish government announced that the country's recovery is set to consolidate further this year, marking the fastest year of economic growth since 2007 before the depression, Xinhua reported. According to a report published by the State of the Economy, the pace of Scottish expansion is forecasted to accelerate in 2014, with positive future prospects for the economy after its 1.6 percent growth in 2013. "We have turned a corner but significant challenges still remain as businesses continue to respond to changing market conditions and a challenging external environment, particularly in our key export market of Europe." said the Scottish Cabinet Secretary for Finance and Sustainable Growth.