25.5 C
Islamabad

UK economic output jumps ahead of Middle East war

Mazaj News (Web Desk) Britain’s economy grew much stronger than expected in February, prior to the start of the Middle East war, official data showed ahead of a likely hit from the US-Iran conflict, AFP reports.

UK gross domestic product growth climbed to 0.5 per cent in February compared with expansion of 0.1pc in January, the Office for National Statistics said in a statement.

Analysts’ consensus forecast had been for GDP growth of 0.1pc in February, while Britain’s output ahead is expected to suffer from soaring energy prices caused by the war.

Related
Related

Hezbollah says ‘finger on the trigger’ in case Israel violates truce

Mazaj News (Web Desk) Hezbollah has said that it...

IEA chief warns markets underestimate Hormuz closure

Mazaj News (Web Desk) The head of the International...

Starmer Under Fire as Security Vetting Scandal Sparks Resignation Calls

British Prime Minister Keir Starmer is facing fresh pressure...

PM Shehbaz hails Lebanon–Israel ceasefire, urges lasting stability in region

Mazaj News (Web Desk) Prime Minister Shehbaz Sharif has...

LATEST