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The Latest Breaking News from International Monetary Fund

Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession

The Iran war, trade chaos, and a shifting geopolitical landscape are converging into what could be the defining economic moment of the decade.

Fortune

Middle East conflict sparked major supply shock, says Bank of England boss

Andrew Bailey made his comments as the UK was given a gloomy economic outlook by the International Monetary Fund.

Evening Standard

As recession looms, Donald Trump desperately needs a deal

THE INDEPENDENT VIEW: Editorial: As red warning lights flash on the world’s economy, the man who claims to be the master of the art of dealmaking has never needed a win more

The Independent UK

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IMF drops Eurozone's economic growth forecast to 1.1% from 1.4% amid Iran war

The International Monetary Fund (IMF) has adjusted its growth projection for the eurozone down to 1.1% from 1.4% for 2026 as prospects for the euro area dwindle amid higher inflation and reduced momentum.

Euronews

'Pretty severe': warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

AAP

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

The Guardian - UK

Stocks rise, oil falls, on fresh Middle East hope

The FTSE 100 closed up 26.10 points, 0.3%, at 10,609.06.

Evening Standard

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IMF Slashes Global Forecast Growth As a Result If Iran War But Sees Short-Lived Conflict

The International Monetary Fund (IMF) slashed its global forecast war as a result of the war in Iran and presented different scenarios based on the duration of the conflict.

International Business Times

IEA Head Says Current Oil Prices Don't Show Gravity Of Threat To Energy Markets Posed By Iran War

International Energy Agency head Fatih Birol said on Tuesday that current oil prices don't fully show the gravity that energy markets face as a result of the war in Iran and the Middle East in general.

International Business Times

Chancellor slams Trump’s Iran war ‘folly’ as threat of recession looms

Rachel Reeves says she is ‘very frustrated and angry’ at America’s actions in the Middle East

The Independent UK

UK economy faces hardest hit of G7 from Iran war says IMF as growth forecast cut

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook.

The Independent UK

IMF slashes UK growth forecast as Britain's economy faces biggest shock of G7 nations due to Iran war

Chancellor Rachel Reeves said the war ‘will come at a cost to the UK’ following the IMF’s gloomy outlook

Evening Standard

Rachel Reeves hits out at ‘folly’ of Trump’s Iran war amid IMF growth warnings

The IMF has said in its latest forecasts that the war would result in weaker than previously expected UK economic growth.

Evening Standard

Iran war escalation could trigger global recession, IMF warns

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7

The Guardian - UK

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The Independent UK

How war in Iran could push the world into a global recession

IN FULL

The Independent UK

Newsom uses White House’s DoorDash stunt to point out Trump can be president - but likely can’t work for the app

Gavin Newsom’s press office team mocked Trump for the publicity stunt where DoorDash ‘grandma’ Sharon Simmons greeted him with two large bags of McDonald’s

The Independent UK

MTG forced to answer for previously comparing Trump to Jesus during awkward CNN interview

CNN anchor Kaitlan Collins played a clip of Majorie Taylor Greene likening Trump’s 2023 arrest to the prosecution of Jesus

Evening Standard

UK economic growth forecasts slashed as IMF says Iran war risks global recession

The IMF laid out its first set of forecasts since the global economy was rocked by the conflict between US-Israeli and Iranian forces.

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The Independent UK

Non-plastic garden gear can help reduce microplastics in the soil

As seed-starting and planting season kicks in, AP gardening columnist Jessica Damiano urges gardeners to try reducing plastic use in the garden

Axios

IMF says Iran war "halted" global economic momentum, expects hotter inflation

The conflict upended what was shaping up to be a solid year for the global economy.

The Guardian - AU

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

The Independent UK

Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation

The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday

The Independent UK

Trump’s Iran war could trigger global recession, IMF warns

UK growth slashed as worldwide economy could be thrown ‘off course’, with the risk of an energy crisis ‘on an unprecedented scale’

The Independent UK

Super typhoon slows to a crawl as it bears down on remote US islands

The typhoon slowed to a crawl as it approached the islands, raising fears that the fierce storm won’t go away quickly

Barchart

Stock Index Futures Gain on Hopes for Renewed U.S.-Iran Talks, PPI Data and More Big Bank Earnings on Tap

June S&P 500 E-Mini futures (ESM26) are up +0.19%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.39% this morning as risk appetite improved and oil prices fell following reports that the U.S. and Iran were weighing another round of peace talks.

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