UK Economic Growth Slows Amid Rising Energy Prices from Iran War
The UK economy's growth has slowed to 0.4% in the second quarter, down from 0.6% in the first, as rising energy prices linked to the Iran war take their toll. Despite some resilience, experts warn of challenging months ahead, with potential impacts from ongoing geopolitical tensions.
Reports behind this story
Articles and publisher reports that informed this story.
UK Economy Remains Resilient Despite Iran War and Higher Energy Prices
The UK economy grew 0.4 per cent between April and June, official data has revealed, in a sign that businesses and consumers have so far weathered the worst shocks of the war in Iran. The growth figure from the Office for National Statistics was in line with analysts’ expectations but came alongside a surprise boost of 0.3 per cent in June, ahead of forecasts. Figures for May were revised down from 0.1 per cent growth to no growth. City economists polled by Bloomberg had predicted that growth in the second quarter would be 0.4 per cent while…
UK Economy Shrugs Off Iran War Shock for Now
Sizzling weather and World Cup fever helped output comfortably outperform expectations.
UK economy grows but experts warn of challenging months ahead
Hot weather and the men's football World Cup boosted the economy but the Iran war may weigh on growth
UK economic growth slows down as Iran war pushes up energy prices
GDP expanded by 0.4% in three months to June, but analysts warn growth is ‘likely to fade’ UK economy shows surprising resilience Business live – latest updates Economic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show. The Office for National Statistics (ONS) said GDP expanded by 0.4% in the three months to June, down from 0.6% in the first quarter , in line with City economists’ expectations. Continue reading...
UK Economy Grows 0.4% in Second Quarter Despite Iran War Disruptions
The UK economy unexpectedly expanded in June, as sunny weather and World Cup football helped cap another quarter of healthy growth.
UK growth slows but economy resilient despite Iran war
The rate of UK growth has slowed but the economy remained resilient despite the Iran war, according to the latest data. Cash