UK forecast to see biggest hit to growth from Iran war out of major economies

Mar 26, 2026 · 898 words · By Jemma Crew

Fact-Check Results

“UK is facing the biggest hit to growth from the Iran war out of the G20 major economies”

❓ INSUFFICIENT EVIDENCE — No relevant evidence found in archive to verify or refute the claim about UK's growth impact compared to G20 economies

“Economic growth in the UK this year is forecast to be 0.7%, down from 1.2%”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm OECD's specific 0.7% growth forecast for the UK

“Inflation is also predicted to be higher than expected”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify OECD's inflation prediction claims

“OECD has downgraded forecasts for many of the world's biggest economies due to the US-Israel war with Iran”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm OECD's downgrades related to US-Israel-Iran conflict

“A prolonged conflict could trigger 'significant energy shortages' globally”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify claims about energy shortages from prolonged conflict

“Wholesale oil and gas prices have soared since the war started”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm oil/gas price increases since war started

“OECD warns prolonged high energy prices will dampen growth and make interest rate cuts less likely”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify OECD's warnings about energy prices and interest rates

“UK inflation is now forecast to hit 4% this year, up from 2.5%”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm UK inflation forecast reaching 4%

“OECD forecasts inflation will drop to 2.6% in 2027, down from 2.1%”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to verify OECD's 2027 inflation forecast

“Among G7 countries, only the US is predicted to have higher inflation than the UK”

❓ INSUFFICIENT EVIDENCE — No evidence found in archive to confirm inflation comparisons among G7 countries

“UK government plans to assist households with energy bills if prices rise, constrained by borrowing rules”

❓ PENDING

“OECD's forecasts assume current energy market disruptions will ease, leading to lower prices by summer”

❓ PENDING

“OBR cut its expected growth rate for the UK this year to 1.1% from 1.4%”

❓ PENDING

“OBR stated the Iran war could have a 'very significant' impact on economies”

❓ PENDING

“OECD's global growth forecast for this year remains at 2.9%”

❓ PENDING

“UK retailer Next anticipates £15m in additional costs if the Iran war lasts three months”

❓ PENDING

“UK retailer M&S attributes rising energy costs to government-imposed tariffs, not oil and gas prices”

❓ PENDING