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Gerard Lyons: Former Chief Economic Advisor to Boris Johnson on the IMF's warnings about the Iran war's impact on the global economy, the impact on the UK
Published 2 months, 1 week ago
Description
The world could pay a high price for the US launching war on Iran.
Global shipping's in turmoil as Donald Trump's naval blockade increases uncertainty, although he's hinting peace talks could resume.
The International Monetary Fund's warning a prolonged conflict could tilt the global economy towards recession.
Former Chief Economic Advisor to Boris Johnson, Gerard Lyons told Mike Hosking that from an economic perspective, there are no easy wins for the UK.
He says it’s likely that growth will be low, inflation will rise, and unfortunately unemployment, which currently sits around 5.4%, could head even higher.
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