{"id":532135,"date":"2026-04-15T12:12:09","date_gmt":"2026-04-15T12:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/532135\/"},"modified":"2026-04-15T12:12:09","modified_gmt":"2026-04-15T12:12:09","slug":"pmqs-live-updates-starmer-says-he-will-not-yield-to-pressure-from-trump-over-iran-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/532135\/","title":{"rendered":"PMQs live updates: Starmer says he will ‘not yield’ to pressure from Trump over Iran war"},"content":{"rendered":"

UK faces biggest hit to growth from Iran war of major economies, IMF sayspublished at 11:17 BST<\/p>\n

11:17 BST<\/p>\n

\"\"Faisal Islam
Economics editor<\/p>\n

The energy shock from the Iran war will hit the UK the hardest of the world’s advanced economies, the International Monetary Fund (IMF) has forecast.<\/p>\n

In its latest World Economic Outlook, the IMF cut its estimate for UK growth this year<\/a> to 0.8%, from the 1.3% prediction made in January before hostilities began.<\/p>\n

The Fund said the downgrade was due to the war, fewer interest rate cuts, and the expectation that the impact of higher energy prices would linger into next year.<\/p>\n

It also warned the war threatened to throw the world economy “off course” and a prolonged conflict risked a global recession. The IMF urged central banks to be cautious over raising interest rates to counter higher inflation.<\/p>\n

The UK’s downgrade of half a percentage point is the largest of the world’s advanced economies, with the UK now earmarked to have middling growth this year compared to its peers.<\/p>\n

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