UK economy showed surprise 0.5% growth before Iran war
ONS figure for February suggests economy was gaining momentum before conflict stoked inflation with soaring energy prices The UK economy unexpectedly expanded by 0.5% in February, before the war in the Middle East dashed hopes of an uptick in growth this year, official figures show. The unusually large increase reported by the Office for National Statistics, suggests the economy had gained momentum before the conflict began. Economists had forecast just a 0.1% expansion.
ONS figure for February suggests Britain was gaining momentum before conflict dashed hopes of recovery
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UK GDP expanded by a stronger than expected 0.5% in February, official figures show, suggesting the economy was gaining momentum before the onset of war in the Middle East dashed hopes of recovery.
The jump, reported by the Office for National Statistics (ONS), was significantly bigger than the 0.1% forecast by economists. January’s flatlining figure was also revised up, to 0.1% growth.
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