Trump’s Iran war could trigger global recession, IMF warns
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The International Monetary Fund (IMF) has warned that a war between the US and Iran could trigger a global recession. The IMF predicts that the UK will be hit the hardest, with forecasts for economic growth slashed and inflation and unemployment expected to rise.
The IMF has warned of a potential global recession due to the US-Iran conflict. The war threatens to disrupt the global economy, with oil and gas prices rising. The UK is expected to be hit hard, with economic growth forecasts slashed. The IMF predicts inflation and unemployment will also rise in the UK. The conflict has already caused petrol prices to rise by 19% and diesel prices by over a third. The IMF warns of a severe energy crisis if the conflict continues.
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