{"id":4782,"date":"2026-06-12T08:52:41","date_gmt":"2026-06-12T08:52:41","guid":{"rendered":"https:\/\/www.worldwatchalert.com\/?p=4782"},"modified":"2026-06-12T08:52:42","modified_gmt":"2026-06-12T08:52:42","slug":"uk-economy-began-to-feel-fallout-from-iran-war-in-april-shows-data","status":"publish","type":"post","link":"https:\/\/www.worldwatchalert.com\/?p=4782","title":{"rendered":"UK economy began to feel fallout from Iran war in April, shows data"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>United Kingdom: Britain&#8217;s economy contracted by 0.1% in April, its first monthly drop since August as the Iran war&#8217;s cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a heavy blow to the British entertainments industry.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Office for National Statistics (ONS) said output in the services sector declined in April by 0.2%, dragged down by administration and support services, as well as the arts, recreation and entertainment sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The outbreak of war resulted in the cancellation of Formula 1 Grand Prix races in Bahrain and Saudi Arabia, which had been due to take place in April. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tennis and soccer events were also called off.Manufacturing output rose by 0.4% in April \u2014 helped by a rise in pharmaecuticals production which is often sees large swings \u2014 helping to offset a bad month for the services sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Output in the three months to April was 0.7% higher than the previous three months, as economists had expected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Kingdom: Britain&#8217;s economy contracted by 0.1% in April, its first monthly drop since August as the Iran war&#8217;s cancellation of Formula 1 Grand Prix races and other Gulf sporting&hellip; <\/p>\n","protected":false},"author":1,"featured_media":3093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2344,1895],"class_list":["post-4782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-uk-economy","tag-united-kingdom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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