City warns Healey growth spurt won’t last amid US-Iran war fiscal pressures

Key facts

• Economists warned that fiscal pressures triggered by the US-Iran war will weigh on the public purse.
• The warning comes despite a surprise growth spurt.

Economists have cautioned that the current period of unexpected economic growth may be short-lived, with fiscal pressures arising from the US-Iran war poised to impact government finances. The warning suggests that the public purse will likely face strain despite the recent positive economic indicators.