Iran War Pushes Europe Toward Stagflation as Prices Rise And Growth Remains Subdued

Source: International Business Times

A report published Thursday found that the conflict in the Middle East is worsening Europe's energy shock, hitting businesses, consumers, and policymakers at the same time. The war in Iran is dragging Europe into a new economic squeeze, pushing prices higher just as growth weakens across the continent and raising fresh fears of stagflation in the continent, according to a new report. Reuters detailed on Thursday found that the conflict is worsening Europe's energy shock, hitting businesses, consumers, and policymakers at the same time.