Business · 26 March 2026
UK Economy Hit Hardest by Middle East Conflict
© UK Parliament / Maria Unger via Wikimedia Commons (CC BY 3.0)
The UK is forecast to be the hardest-hit economy among industrialised nations from the Middle East conflict. The OECD cut its UK growth forecast from 1.2% to just 0.7% for 2026 — the steepest downgrade among its members. Oil prices have surged from around $60 a barrel in January to over $100, raising inflation fears for UK households.
Reported by The Guardian · How we write briefs