Reeves arrives at IMF with little leeway to prove its UK downgrade wrong
Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser
https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices">Iran war escalation could trigger global recession, IMF warns
The Iran war is bad news for the global economy.
But for some countries, the unfolding conflict is having a bigger impact than for others.
The https://www.theguardian.com/business/2026/apr/14/iran-war-global-recession-imf-uk-growth-forecasts-oil-prices">International Monetary Fund’s verdict is that Britain is the G7’s biggest loser.
Amid the rising damage from the Middle East war, the Washington-based fund warned UK economic growth rate would be 0.5 percentage points lower this year than it had predicted back in January – the biggest downgrade among the club of wealthy nations.
https://www.theguardian.com/business/2026/apr/14/rachel-reeves-arrives-at-imf-with-little-leeway-to-prove-its-uk-downgrade-wrong">Continue reading...- Iran war fallout has ‘abruptly darkened’ global economic outlook, IMF says Global News —
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- IMF warns about risk of global recession as Iran war impacts energy costs CBS News —
- IMF slashes UK growth forecast as Britain's economy faces biggest shock of G7 nations due to Iran war The Standard —
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