Economists forecast flat or negative GDP following a 0.1% decline in April, with services weak but energy boosted by oil prices
UK economy likely stalled in May after Iran war drags growth
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Summary
The UK economy is expected to have remained sluggish in May, with some economists forecasting flat or negative growth, following a 0.1% contraction in April. The slowdown is attributed to the impact of the Iran war, which held back economic expansion, according to analysts. Pantheon Macroeconomics predicted another weak performance for the services sector, though other areas like energy supply may have been boosted by higher oil prices.
Cross-referenced from 6 sources across 2 countries and 2 languages. The account holds across the geopolitical divide.
Factual coreconfirmed by several independent voices
UK economy set to have stayed in slow lane after Iran war held back growth.
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Reported detailssecondary facts, each attributed to its source
Some economists are expecting GDP to have flatlined or declined in May, after slipping by 0.1% in April.
according to The Independent +1Pantheon 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 +1
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No notable framing divergence.
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UK economy set to have stayed in slow lane after Iran war held back growth.
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