UK Economic Growth Slows Amid Iran Conflict Disruptions The UK's economic growth has taken a hit in the second quarter of the year, with GDP expanding by just 0.4% in the three months leading up to June. This slowdown is attributed to the ongoing disruption caused by the conflict in Iran, which has been affecting global markets and trade. Despite the slight decline, this figure aligns with the expectations of City economists, who had forecasted a slower growth rate. Analysts, however, are warning that the UK's economic growth is "likely to fade" in the coming months, raising concerns about the country's economic stability.
GDP expanded by 0.4% in three months to June, but analysts warn growth is ‘likely to fade’Business live – latest updatesEconomic 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...
