Wall Street scales fresh record high as investors bet on end of Iran war
The S&P breached 7,000 points for the first time in history, in a rally that erased stark losses incurred at start of war
IMF calls for countries to economise on energy supplies, and hails UK’s budget deficit improvement – as it happened
Rolling coverage of the latest economic and financial news, as IMF managing director Kristalina Georgieva gives a press conference in Washington DC
The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’
The International Monetary Fund remains stuck in a situation where the biggest concern about inflation is wages
Trump threatens to fire Fed chair Jerome Powell amid pressure campaign
US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May
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