Skip to Content The UK economy contracted for the first time in eight months, an early sign of the damage wrought by war in Iran. 4k({[ftn0]4]8()g)bquv1mf_media_dl_1.png Office for National Statistics (Bloomberg) — The UK economy contracted for the first time in eight months, an early sign of the damage wrought by war in Iran. Sign In or Create an Account Gross domestic product declined 0.1% following gains in the previous two months, the Office for National Statistics said Friday.