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Economic shock from Iran war risks driving up global debt levels, says IMF

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

How the US-Israel war on Iran is affecting African economies

For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of control

Tax day: US taxpayers spend hundreds more on military as Trump pushes for vast increase

As Americans race to file their federal taxes before Wednesday’s deadline, new analysis breaks down where the money goes

Iran war escalation could trigger global recession, IMF warns

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

UK steel exports to EU at risk as bloc doubles tariffs and halves quotas

Decision to reduce duty-free quotas by 47% aimed at curbing Chinese imports

IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for Washington talks

As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

Tuesday briefing: What needs to be done to tackle child poverty in the UK

In today’s newsletter: More than one-fifth of ‘austerity-generation’ British children live in poverty. Our social policy editor talks about the damage done and the way forward

Holidays take a hit as UK cost of living fears and Iran war bite

Consumer spending on travel is down for the first time in five years while card spending edges up in March

Oil price dips below $100 a barrel after Trump claims Iran wants deal

US president’s previous threat to block strait of Hormuz had led to a 6.9% increase in earlier trading

Oil price tops $100 a barrel as US blockades strait of Hormuz; Goldman Sachs posts rise in profits – as it happened

Rolling coverage of the latest economic and financial news

Iran war could plunge 32 million into poverty, says United Nations

‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growth

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