UK economy set to have stayed in slow lane after Iran war held back growth
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Summary
UK economy set to have stayed in slow lane after Iran war held back growth. Most economists are expecting GDP to have edged up by a paltry 0.1% in May, after slipping by 0.1% in April. Its analysts are expecting GDP to have shown no growth in May, but they believe this would still put the economy on track for growth of 0.2% over the second quarter as a whole.
Furthermore, Pantheon Macroeconomics said it was forecasting another weak performance for the services industry but a more mixed bag across the wider economy, with subsectors like energy supply boosted by higher oil prices.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
UK economy set to have stayed in slow lane after Iran war held back growth.
reliability moderate3/3 sourcesMost economists are expecting GDP to have edged up by a paltry 0.1% in May, after slipping by 0.1% in April
reliability moderate2/2 sources
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Its analysts are expecting GDP to have shown no growth in May, but they believe this would still put the economy on track for growth of 0.2% over the second quarter as a whole.
according to The IndependentPantheon Macroeconomics said it was forecasting another weak performance for the services industry but a more mixed bag across the wider economy, with subsectors like energy supply boosted by higher oil prices.
according to The Independent
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Most economists are expecting GDP to have edged up by a paltry 0.1% in May, after slipping by 0.1% in April
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