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The Latest Breaking News from Recession

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

The UK economy is threatened by a £35bn loss due to rising energy prices from the Iran conflict, risking recession and high inflation, warns NIESR.

International Business Times UK

UK economy faces £35bn blow and recession risk amid Iran war energy crisis

IN FULL

The Independent UK

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict

The Guardian - UK

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UK economy set for £35bn hit from Middle East energy crisis, think tank says

The National Institute of Economic and Social Research said the UK could enter a recession this year if the crisis is particularly protracted.

Evening Standard

More Americans fear for their economic situation today than in the 2008 Great Recession

More Americans are worried about finances now than in early days of pandemic

The Independent UK

Feeling gloomy about the economy? The ‘vibecession’ has arrived in Australia – but experts are less worried

A poll shows most Australians think the country is either in a recession or will be soon. Economists have a different view

The Guardian - AU

Iran war effects on Europe: Is a recession already unfolding?

The eurozone’s private sector slipped back into contraction in April, marking its weakest performance in nearly a year and a half since November 2024, as the war in Iran hit services and fuelled inflation.

Euronews

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Ceasefire will be indefinite, Trump says, as top economist puts risk of recession at 40% as Hormuz remains closed

Everything you need to know before you reach the office this morning.

Fortune

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

International Business Times UK

Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says

Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence

The Guardian - UK

Quarter of a million people could lose their jobs by 2027 as UK ‘flirts with recession’

The job market will endure its ‘biggest hit since the pandemic’

The Independent UK

UK to narrowly avoid recession and jobless rate to surge, Item Club warns

The independent forecasting group said interest rates will remain on hold in 2026 despite soaring inflation caused by the Iran war.

Evening Standard

Dave Ramsey Says You Need To Do These 3 Things During a Recession

Money expert Dave Ramsey shares three key moves he says can help households stay afloat and protect their finances during a recession.

GOBankingRates

Wall Street seems to have decided the recession risk is over. Can the Australian market do the same?

Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports

The Guardian - AU

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International Business Times UK

Ken Griffin Warns Global Recession 'Inevitable' If Strait Of Hormuz Stays Shut: Flags 'Mistake' In Iran Strategy

Citadel Advisors founder Kenneth Griffin believes the world will face a recession if the Strait of Hormuz remains shut for the remainder of this year.

Fortune

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.

The Independent UK

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

Bulletin PM briefing: Trump tells Starmer ‘drill, baby, drill’ and global recession fears

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The Independent UK

Reeves hits out at Trump over Iran war strategy with recession a real possibility

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The Independent UK

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 Guardian - UK

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 Independent UK

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

IN FULL

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.

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

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’

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