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Originally published by Capital Businessbusiness
April 14, 2026
7h ago
Global economy at risk of recession if Iran war persists, warns IMF
In its World Economic Outlook report, the IMF said in a worst case scenario - where oil, gas and food prices spike and remain high this year and next - global growth could fall below 2% in 2026. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The International Monetary Fund (IMF) has warned that the global economy faces a recession risk if the war with Iran persists, leading to sustained high energy prices.
- In a worst-case scenario, global growth could fall below 2% by 2026, a level not seen since the Covid pandemic, potentially triggering a global recession.
- The IMF's warning comes as energy prices have surged due to the conflict affecting the critical Strait of Hormuz shipping route.
- The UK is forecast to be the hardest hit advanced economy, with its growth estimate for this year cut to 0.8%.
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