LONDON, March 13, 2026 (BSS/AFP) - Britain's economy stalled in January, official data showed Friday, with the possibility of worse gloom in the coming months as the Middle East conflict sends oil prices surging. Gross domestic product showed zero growth at the start of the year after GDP expansion of 0.1 percent in December, the Office for National Statistics said in a statement. Responding to Friday's data, finance minister Rachel Reeves acknowledged "there is more to do" to grow the UK economy "in an uncertain world". And "GDP growth is more likely to lose momentum in the coming months rather than gain it", said Paul Dales, chief UK economist at Capital Economics research group. "An energy price shock also reduces GDP growth," he added.

Source: Bangladesh Sangbad Sangstha March 13, 2026 08:39 UTC