Trump tells Labour to 'drill, baby, drill' as IMF warns Britain faces biggest economic shock in G7 from Iran war in humiliation for Reeves ⊖⊖
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2026 › April › 14
IMF
3 months ago
Donald Trump urged the UK to 'drill, baby, drill' after the IMF warned Britain will suffer the biggest economic shock in the G7 from the Iran war.
IMF cuts global growth forecast during Hormuz blockade ○
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
War threatens to wreak havoc with the global economy, IMF warns ⊖⊖
The Fund's scenarios range from the Not Good through the Bad to the Exceedingly Ugly.
Iran war escalation could trigger global recession, IMF warns ⊖⊖
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a story from The Guardian ⚠️ › International
Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7
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A further escalation in the Iran war could trigger a global recession, spirallin…
Iran war will hit UK growth the hardest of any rich economies, IMF says ⊖
The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.
Humiliation for Reeves as IMF slashes UK growth forecasts with biggest downgrade in G7 - and warns global recession is a 'close call' ⊖⊖
In a damning report, the global watchdog said it now expects the UK economy to grow by just 0.8 per cent this year.
UK faces biggest hit to growth from Iran war of major economies, IMF says ⊖⊖
The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy "off course".
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