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Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Inflation is climbing towards 4%, while unemployment could hit the highest rate in more than a decade, it warned. As Rachel Reeves flies into Washington on Tuesday for the IMF and World Bank’s spring

'Bit of pain' worth long-term security from Iran, Bessent tells BBC

rates to slow the pace of price rises. IMF chief economist Pierre-Olivier Gourinchas told the BBC a prolonged conflict would lead to spiralling inflation, push up unemployment and lead to food insecurity in some