9 resultsfor “Impact of US-Israel war on global economy”
economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the [US-Israel war on Iran](https://www.theguardian.com/world/us-israel-war-on-iran).** Earlier on Tuesday, the International Monetary Fund
economy grew faster than expected in the first three months of the year, even as countries around the world feel the impact of the US-Israel war with Iran. Gross domestic product (GDP) rose
US-Israel war with Iran could plunge the global economy into recession, with the UK set to be the hardest hit of the world's advanced economies**.** Reeves said she was "not convinced that this
economy remains strong and that growth could still exceed 3% or 3.5% this year despite the impact of the US-Israel war on Iran.** Earlier on Tuesday, the International Monetary Fund (IMF) [cut its growth
impact on growth, in a media interview on the sidelines of the IMF meeting. But US Treasury Secretary Scott Bessent said on Tuesday that a "small bit of economic pain" was worthwhile for long-term
impact on the global economy, given the fact that it has not been able to achieve the war aims in a short time, the Trump administration wants that exit. And it’s becoming clearer that
US-Israel war on Iran has caused turmoil in global energy markets since the first strikes at the end of February. In retaliation, Iran has effectively closed the strait of Hormuz, a [vital export route
US-Israel war with Iran could plunge the global economy into recession, Bessent said the conflict was to eliminate the threat of Iranian nuclear strikes on Western capitals. "I wonder what the hit to global
US-Israel war on Iran](https://www.theguardian.com/world/us-israel-war-on-iran). As the chancellor, Rachel Reeves, [summoned bank chiefs for talks aimed at containing the fallout](https://www.theguardian.com/business/2026/apr/19/bank-bosses-meeting-rachel-reeves-impact-iran-war-uk-economy), twin reports from top accounting firms underlined the scale