UK faces biggest hit to growth from Iran war of major economies, IMF saysreaking

Faisal IslamEconomics editor 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. In its latest World Economic Outlook, the IMF cut its estimate for UK growth this year to 0.8%, from the 1.3% prediction made in January before hostilities began. 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 y