The International Monetary Fund (IMF) has warned that a global recession is coming, thanks to the war with Iran. Any further escalation would trigger a global recession that would harm the United Kingdom far more than any other G7 country. In its half-yearly update, the IMF said the UK would suffer the sharpest growth downgrade and the joint highest inflation rate in the G7 this year, even if the fallout from soaring energy costs can be contained by the middle of 2026, according to a report by The Guardian. The IMF added that if a worst-case “severe scenario” unfolds, involving…
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