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Global Market: UK growth at risk as EY flags inflation surge from Hormuz disruption
According to Reuters, EY expects the UK economy to expand by 0.8% in 2026 if the vital shipping route reopens by the end of September, before growing 1.2% in 2027 under its base-case scenario.
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independent.co.uk
Prolonged Iran war could tip UK into recession next year, report warns
The EY economic outlook cautions that GDP could slow to 0.5% this year and contract by 0.2% next year if the Strait of Hormuz remains shut into 2027.
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cityam.com
Iran war could ‘halt growth’ across UK economy
Big Four consultancy EY has said that the UK economy could perform better than first expected this year if the Strait of Hormuz re-opens.
