April 14, 2026
United States:
IMF Cut Global Growth to 3.1%, Flags Downturn Risk If War Lasts
The International Monetary Fund downgraded its growth projection for the year after the war in the Middle East triggered a major oil shock and included the possibility of a downturn if the conflict drags on and energy infrastructure is severally damaged.
Global gross domestic product is now expected to rise 3.1% this year, compared with 3.3% predicted in January, the Washington-based fund said Tuesday in its World Economic Outlook.
Europe:
UK Faces Biggest Growth and Price Shock from Iran War, IMF Says
Britain will suffer the biggest economic shock from the Iran war of any major advanced economy and struggle to cushion the blow through either interest rate cuts or state support, according to the International Monetary Fund.
The global financial supervisor cut its UK growth forecast by 0.5 percentage points this year and 0.2 percentage points in 2027, a steeper downgrade since January than it gave the rest of the Group of Seven’s leading nations. The UK is hardest hit due to the “large negative effect” of being a “net energy-importing” economy, the IMF said.
Asia:
BOJ Is Said to Mull Raising Price Outlook Sharply on Oil
Bank of Japan officials are likely to consider raising their inflation forecast sharply at their policy meeting this month, mainly to reflect elevated oil prices, according to people familiar with the matter.
The BOJ’s board will likely discuss lifting its key price projection for this fiscal year from the current 1.9% after oil prices surged roughly 50% since the outbreak of the US-Iran war, the people said.
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