Global economy at risk of recession if Iran war persists, warns IMF

The global economy is at risk of recession if the US-Israel war with Iran continues and high energy prices persist, the International Monetary Fund (IMF) has warned. In its World Economic Outlook report, the IMF said in a worst case scenario - where oil, gas and food prices spike and remain high this year and next - global growth could fall below 2% in 2026. "This would mean a close call for a global recession which has happened only four times since 1980," it said, the most recent being during…