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RBS says Scotland’s economy still ‘fragile’

Ineos currently imports shale gas from the US
Ineos currently imports shale gas from the US

Royal Bank of Scotland says weak sterling has delivered a boost for Scottish exporters but also warns economic growth north of the border remains “fragile”.

The bank’s latest Scottish Business Monitor – the result of a Fraser of Allander Institute survey of more than 400 Scottish firms – shows exports grew for first time in two years in the second quarter of 2017.

One-third (33%) of businesses said the volume of new business rose, against fewer than one in four (24%) which reported a fall. And a net 6% balance were confident this growth will gather momentum during remainder of 2017.

Firms in all parts of the country, including the downturn-hit north-east, expected business volumes to grow.

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