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EY nudges up UK growth forecast, but warns of recession if Strait of Hormuz stays closed

By Michele Maatouk

Date: Monday 03 Aug 2026

(Sharecast News) - EY nudged up its 2026 UK growth forecast on Monday but warned of a potential recession if the Strait of Hormuz stays closed until early-mid 2027.
According to its new UK Economic Outlook, the economy is projected to grow by 0.9% in 2026, up a touch on the...

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