Episode Details
Back to EpisodesIMF: UK Faces Worst Energy Shock from Iran War
Description
IMF warns UK of severe energy shock due to Iran war, slashing growth forecast to 0.8% from 1.3%. High energy prices could persist into next year, impacting global economic plans and potentially triggering a recession. Inflation expected to peak at 4% this year, but should decrease by 2027. UK may rebound fastest in Europe next year with 1.3% growth.
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