IMF Warns of Global Recession

In its latest World Economic Outlook, the IMF downgraded global growth projections to 3.1%, citing the severe impact of the ongoing conflict in the Middle East.

The report outlines an 'adverse scenario' where global growth could plunge to 2% if oil prices remain consistently above $100 per barrel.

Britain is expected to suffer the sharpest economic shock among G7 nations due to its heavy exposure to energy price volatility.

IMF officials are urging international cooperation to prevent a 'debt doom loop' as government borrowing costs rise alongside energy inflation.