The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
The Iran war brought global economic momentum to a halt, the International Monetary Fund said on Tuesday, providing new projections for slower growth and higher inflation.Why it matters: It is the latest major economic institution to warn about stagflation-like global economic fallout from the war. The conflict upended what was shaping up to be a solid…
Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7Reeves arrives at IMF with little leeway to prove its UK downgrade wrongA further escalation in the Iran war could trigger a global recession that would affect the UK more than any of the other G7 nations, the International Monetary Fund has warned.Against an…
“The global outlook has abruptly darkened following the outbreak of war in the Middle East,” the IMF report stated.
The International Monetary Fund warned that if the war in Iran escalates, it could further raise oil, gas, and food commodity prices, putting the global economy at risk of a recession. The IMF published its April 2026 World Economic Outlook titled “Global Economy in the Shadow of War” on Tuesday, warning that the state of…
