Iranian war risks threaten the fastest-growing economy of G7 with stagnation
2026-08-13 19:45:43
According to CoinMeta, the risk of war in Iran could lead to stagnation in the fastest-growing economy, G7. Although the British economy shows signs of a long-awaited recovery, the economic outlook is complex due to the impact of the Iran war and high energy prices. Official data indicates that the British economy grew by 0.4% in the second quarter, compared to 0.6% in the first quarter. Business investment increased by 1.7% during the same period, exceeding economists' predictions of a 0.5% decline. Sanjay Raja, the chief British economist at Deutsche Bank, stated that the latest data raises the annualized growth rate for the first half of the year to a “hot” 2%. However, the International Monetary Fund warned in April that the war between the United States and Israel and Iran would have a greater impact on the UK’s growth prospects. The UK’s high dependence on energy prices, as well as the sharp rise in commodity inflation in recent years, puts it under greater economic pressure.
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Source:Internet
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