Scots economic recovery stalls

ECONOMIC recovery in Scotland has begun to stall, figures published today suggest.

Almost half the firms surveyed in the latest Lloyds TSB Scotland Business Monitor reported a decrease in turnover as the country struggles to shake off the recession.

The survey covering the three months to March found 47 per cent of companies reporting a decline, with 25 per cent noting an increase. Economists say the severe winter weather is likely to blame for the setback.

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Much of the decline in trading has been experienced in the production sector, Lloyds TSB said.