Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser Iran war escalation could trigger global recession, IMF warns Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loser Iran war escalation could trigger global recession, IMF warns The Iran war is bad news for the global economy. But for some countries, the unfolding conflict is having a bigger impact than for others. The International Monetary