Global energy markets face prolonged disruption as the Iran war continues to strain supply chains, with the World Bank preparing up to $100 billion in aid for poorer nations grappling with soaring fuel and food costs. The Strait of Hormuz, through which roughly a fifth of the world’s oil passes, has seen repeated openings and … Read more
Kristalina Georgieva told finance ministers in Washington that some countries are in panic as the Iran war deepens economic uncertainty. The IMF managing director addressed the spring meetings on Thursday, saying the sooner the conflict ends the better for everybody. Such gatherings are not typically used for geopolitical debate but a record-breaking April heatwave swept … Read more
The U.K. Economy expanded by 0.5% in February, according to preliminary data from the Office for National Statistics released Thursday. This growth significantly outperformed Reuters economist polls, which had projected a modest 0.1% monthly increase. Construction led the rebound with a 1% increase, while both production and services sectors grew by 0.5%. This follows a … Read more
UK GDP expanded by 0.5% in February, far exceeding the 0.1% growth economists expected, though the gain arrives just as a new war in the Middle East threatens to erase it. The surge suggests the economy was gaining momentum before military operations began on February 28, creating a stark contrast between the official data and … Read more
Global government debt is on track to exceed 100% of GDP by 2029, a threshold not seen since the end of the second world war, according to the International Monetary Fund’s April 2026 Fiscal Monitor. The fund warned that the war in the Middle East is exacerbating an already fragile financial environment by driving up … Read more