
European Economies Face Varied Impacts from Middle East Conflict; UK Inflation Steady in February Ahead of Potential Spike
The French economy shows resilience to the Middle East conflict, though inflation is projected to jump, eroding purchasing power and slowing growth. Italy's GDP is forecast to rise by 0.5% this year if the 'Iran war' ends this month, according to Confindustria, which also predicts flat growth if the war lasts longer, while UK consumer price inflation remained steady in February ahead of a likely upward lurch due to the conflict.
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Why is UK inflation steady and how will the Iran war affect it?
February’s inflation rate of 3% means if an item cost £100 a year ago, it would now cost £103.
By Henry Saker-Clark
Read full article →Inflation in France jumps as Iran war hits growth and spending
France is heading for a sharp rise in inflation this spring as soaring oil prices linked to the conflict in Iran erode household purchasing power, with growth expected to slow in early 2026, the national statistics agency said.
By RFI
Read full article →Italy's GDP to rise 0.5% in 2026 if war ends this month - Confindustria
(ANSA) - ROME, MAR 25 - Italy's GDP will rise by 0.5% this year if the Iran war ends this month, the research centre of industry association Confindustria said in its spring forecasts on Wednesday. It said growth will be flat this year if the war lasts until June and the economy will slide into recession, with GDP falling by 0.7%, in the worst-case scenario in which the war drags on throughout the year. The research centre had forecast 0.7% growth for Italy this year in the autumn. Confindust...
By ANSA
Read full article →What will happen to UK energy prices in 2026?
Energy bills set to drop in April, but households warned to prepare for higher costs later this year due to impact of Iran war
By Marc Shoffman, The Week UK
Read full article →UK inflation steady in February ahead of likely Iran war spike
British consumer price inflation remained steady at 3.0% in February, unchanged from January's rate, official data showed on Wednesday, ahead of a likely upward lurch as war...
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