War in Middle East Worsens UK Economic Growth Outlook, Research Institute Says
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The National Institute of Economic and Social Research (NIESR) has downgraded its forecast for British economic growth, citing the ongoing war in the Middle East as a contributing factor to deteriorating economic prospects. The research institute now expects the UK economy to grow by a maximum of 1% next year, down from its previous projection of 1.3%. NIESR also revised downward its outlook for 2027, though specific figures for that year were not disclosed. The adjustment reflects concerns about how regional conflicts are impacting global economic stability and trade patterns.