IMF Warns of Global Recession

The IMF's latest World Economic Outlook report highlights a 'darkened' economic landscape as the war in Iran disrupts global trade and energy flows.

Growth projections for 2026 have been cut to 3.1%, with the Eurozone and the UK expected to suffer the most severe impacts among developed nations.

Rising inflation, driven by surging fuel and fertilizer costs, is complicating efforts by central banks to support economic stability.

The Fund warned that a drift toward a more adverse scenario is already underway, threatening to trap governments in a debt doom loop.