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Bank of Scotland reports ‘virtually zero growth’ in private sector

12 Nov 2012 12:00 AM | Anonymous

A report released by the Bank of Scotland has revealed that the private sector economy is facing near no growth as jobs and services are cut.

The report revealed that from July to October the Scottish manufacturing production has been in continual decline.

Reduced European demand for Scottish products also had an impact upon the growth of the economy, which has been compounded by increasing fuel and energy costs for businesses.

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