Export slump threatens to put the brakes on Scottish economic recovery
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Parts of the Scottish economy are bouncing back quicker than expected – but many businesses are still suffering pandemic and Brexit-induced export woes.
These are among the findings of the latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator Survey.
Reporting “positive growth” in all sectors covered by the survey today (July 6), SCC says Scottish firms are seeing the first shoots of recovery in more than a year as Covid-19 constraints ease.
Route to economic recovery ‘a marathon, not a sprint’
But caution is still the watchword, SCC president Tim Allen warns, adding: “The success of the vaccine rollout has enabled the easing of restrictions and the gradual reopening of the economy, unleashing pent-up demand.
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