UK ECONOMIC GROWTH SLOWS DOWN AS IRAN WAR PUSHES UP ENERGY PRICES

The UK's economic growth slowed down in the second quarter of the year, with GDP expanding by 0.4% in the three months to June, according to the Office for National Statistics (ONS). This is down from 0.6% in the first quarter, and is attributed to the disruption caused by the Iran war, which has led to increased energy prices. The slowdown is in line with City economists' expectations, as reported by The Guardian.

The ONS figures show that the growth is likely to fade, warning analysts of a potential downturn. The Guardian reports that the disruption unleashed by the Iran war has begun to take its toll on the economy, with energy prices being a major contributor to the slowdown. Meanwhile, other sources, such as UK News, suggest that despite the slowdown, the economy remains resilient.

The slowdown in economic growth is significant as it may impact the UK's overall economic performance, and the ongoing Iran war continues to pose a threat to global economic stability. The context of the Iran war and its effects on energy prices provides a crucial background to understanding the current state of the UK's economy.

• UK GDP growth slowed to 0.4% in Q2
• Iran war disruption cited as a major factor
• Energy prices have increased due to the conflict

Read the original source for full detail available at The Guardian src