Global recession
Coverage of Global recession in the Nexus archive.
- G-7 Finance Ministers Discuss Economic Fallout of Iran War
G-7 Finance Ministers are addressing the economic consequences of the Iran War, with rising oil prices and increased bond market volatility creating concerns about a potential global recession. The discussion highlights the interconnected nature of geopolitical conflicts and global economic stability.
- Reeves arrives at IMF with little leeway to prove its UK downgrade wrong
The IMF has downgraded UK economic growth forecasts by 0.5 percentage points, labeling Britain as the G7's biggest loser due to the Iran war's impact. The conflict risks triggering a global recession, with the UK facing significant economic strain. Chancellor Reeves faces pressure to challenge the IMF's bleak outlook.
- IMF warns about risk of global recession as Iran war impacts energy costs
The IMF warns of global recession risks in its World Economic Outlook report, citing the U.S.-Israeli conflict with Iran as a factor driving up energy costs. CBS News contributor Javier David provides additional insights on the economic implications.
- Humiliation for Reeves as IMF slashes UK growth forecasts with biggest downgrade in G7 - and warns global recession is a 'close call'
The IMF has significantly downgraded UK growth forecasts, marking the largest G7 growth revision, and issued a warning about a potential global recession. The downgrade is described as a 'close call' for the global economy.