Source: scotsman.com 17 May 2017
Aberdeen’s economy is showing signs of “cautious optimism” after three years of oil-related misery, a report suggests.
Barry Fraser, Grant Thornton’s managing director in Aberdeen, said: “There are undoubtedly many challenges that still lie ahead for the oil and gas sector in Aberdeen, but we’re seeing some glimmers of light after a prolonged period of uncertainty.
“Many North-east businesses are no longer focused on pure survival and are seeing an increase in tender activity and new opportunities, particularly overseas.”
Ian Knott, director at the Grant Thornton practice in Aberdeen, added: “It’s reassuring to see the sector and the wider region taking a more positive view of the future, but businesses will also need to keep a close eye on cash resources as they return to growth, as this is a period where we see many business failures due to companies overstretching themselves.”