{"id":448086,"date":"2026-05-14T07:50:11","date_gmt":"2026-05-14T07:50:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/448086\/"},"modified":"2026-05-14T07:50:11","modified_gmt":"2026-05-14T07:50:11","slug":"uk-economy-grew-by-more-than-expected-in-first-month-of-iran-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/448086\/","title":{"rendered":"UK economy grew by more than expected in first month of Iran war"},"content":{"rendered":"

\"Analysis\"Economic resilience gives hope numbers can defy Iran war forecastspublished at 08:28 BST<\/p>\n

08:28 BST<\/p>\n

\"\"Faisal Islam
Economics editor<\/p>\n

These are a
\nvery solid, and dare I say it, good set of GDP figures in the circumstances,
\nthat need to be noted before some inevitable caveats.<\/p>\n

Growth at 0.6% gets us back to
\nnormal numbers and exceeds sluggish recent history. It already includes a month
\nof Iran War turmoil in which the UK economy continued to chug along.<\/p>\n

In per capita terms this growth
\nis the strongest quarter for four years. And, importantly, in international terms
\nthis is the fastest performance in the quarter of all G7 countries so far, and
\nlikely to be top when Japan reports its number, estimated to be 0.4%.<\/p>\n

There is significant underrated
\nresilience in the economy. That will give hope that the numbers can defy some
\nof the forecasts that the Iran War effect will hit the UK hardest. There is
\nlittle evidence of that so far, but it is early days.<\/p>\n

Later data from last month and
\nthis month will show more of a hit from rising market interest rates and the
\nrising cost of living. The baseline however was some rather underrated
\nresilience, though there is a pattern in the data of Q1 starting well and then
\nfading.<\/p>\n

Delivering the strongest set of
\neconomic figures in the life of the Government, is quite the backdrop for a
\nleadership challenge.<\/p>\n","protected":false},"excerpt":{"rendered":"Economic resilience gives hope numbers can defy Iran war forecastspublished at 08:28 BST 08:28 BST Faisal IslamEconomics editor…\n","protected":false},"author":2,"featured_media":448087,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-448086","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/448086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=448086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/448086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/448087"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=448086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=448086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=448086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}