Bank Says Scotland’s Economy Is Improving – Slowly – Despite Oil And Gas Downturn

A new report on Scotland’s economy suggests it is slowly but surely shaking off the oil and gas downturn and returning to modest growth.

But the Royal Bank of Scotland (RBS)’s latest Business Monitor also highlights a growing north-south divide, with central belt firms becoming more bullish on prospects as north and north-east companies continue to find trading conditions challenging.

The report is based on survey findings by Strathclyde University’s Fraser of Allander Institute – the same think-tank which earlier this week said the economy remained fragile and at risk of a Brexit plunging it into another recession.

https://oilguru.org/2016/06/18/bank-says-scotlands-economy-is-improving-slowly-despite-oil-and-gas-downturn/