Middle East, emerging economies and UK particularly hit, as growth projected to fall and inflation to rise

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UK suffers sharpest downgrade and is predicted to face joint highest inflation in G7 as growth forecasts are cut

Der IWF senkt seine Wachstumsprognose und warnt vor neuer Inflation. Besonders gefährlich wäre eine längere Störung der Energieversorgung über die Straße von Hormus.

The IMF said that the U.K. will be hardest hit out of all developed economies as a result of the Iran war.

High oil, gas and food prices could force growth to slow if the US-Israel conflict with Iran continues, the IMF says.

The International Monetary Fund warned that the war in the Middle East could throw the global economy off course, with growth expected to slow to 3.1%.

The report notes that the worst-case "severe scenario," which assumes an extended conflict and high oil prices, would lead the world into another recession.

Middle East, emerging economies and UK particularly hit, as growth projected to fall and inflation to rise

UK growth slashed as worldwide economy could be thrown ‘off course’, with the risk of an energy crisis ‘on an unprecedented scale’

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report says