UK Economy Stalls in January as GDP Growth Hits Zero
British gross domestic product was flat in January as the economy stalled before the Iran war impact. Markets now brace for higher inflation and rate hikes.
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The economy of the United Kingdom unexpectedly ground to a halt in January, according to official data released on Friday. This stagnation occurred even before the full impact of the geopolitical conflict in Iran began to destabilize global energy markets. Gross domestic product (GDP) remained unchanged for the month, falling short of economist expectations for a 0.2% increase.
