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International Business Times UK
International Business Times UK
Rosemarie Zamora

Iran War Shock Leaves UK Policymakers Trapped Between Inflation and Recession Risks

United Kingdom Inflation Iran Niesr Recession Economy Sir Keir Starmer Bank of England Interest Rates International Monetary Fund

The United Kingdom economy is facing renewed turbulence as the Iran conflict drives a surge in global energy prices, reviving fears of stagflation-like conditions, where inflation stays high while growth weakens.

According to a leading think tank, the National Institute of Economic and Social Research (NIESR), the shock could significantly undermine UK output while tightening financial conditions for households and businesses.

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