The British economy survived the first few months after the outbreak of the war in Iran, and the fine weather in the second quarter and the World Cup boosted consumer spending. The UK Office for National Statistics announced on Thursday that in the three months ending June, GDP grew by 0.4%, slightly lower than 0.6% in the first quarter. This figure is in line with economists' median estimates, and the service sector is the main driver of growth. GDP grew by 0.3% in June, and economists had expected a 0.1% decline. The economy experienced zero growth in May. Although the energy shock caused by the Middle East conflict hardly had a significant impact on the economy in the second quarter, economists and the Bank of England expect growth to weaken as the full impact of the war gradually becomes apparent.

The British economy survived the first few months after the outbreak of the war in Iran, and the fine weather in the second quarter and the World Cup boosted consumer spending. The UK Office for National Statistics announced on Thursday that in the three months ending June, GDP grew by 0.4%, slightly lower than 0.6% in the first quarter. This figure is in line with economists' median estimates, and the service sector is the main driver of growth. GDP grew by 0.3% in June, and economists had expected a 0.1% decline. The economy experienced zero growth in May. Although the energy shock caused by the Middle East conflict hardly had a significant impact on the economy in the second quarter, economists and the Bank of England expect growth to weaken as the full impact of the war gradually becomes apparent.