UK Outpaces G7 Despite IMF Warning on Iran War Fallout

Britain's economy grew 0.4% in Q2 2026 after 0.6% in Q1, the ONS reported August 13, keeping the UK atop the G7. The IMF had warned Britain would suffer the worst economic damage from the Iran war among advanced nations. Deutsche Bank now projects 1.1% growth for 2026, well above the IMF's 0.8% forecast.