Britain's economy is tracking materially stronger second-quarter growth than expected after GDP returned to expansion in May, signaling limited fallout so far from the Middle East energy shock, Yahoo Finance reported, citing UBS.
UBS said GDP rose 0.1% month over month in May, beating expectations for stagnation and reversing April's 0.1% contraction, with services driving the rebound while industrial production and construction output declined, according to the report.
UBS said the release implies upside risk to its second-quarter GDP forecast, though the bank maintained its full-year growth forecasts of 1.0% for 2026 and 1.1% for 2027, citing caution about potential payback in the second half, the report said.
