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EU cuts GDP forecast as Strait of Hormuz crisis pushes inflation up
The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures. #EuropeNews
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cnbc.com
The EU will cut growth outlook, raise inflation forecast as Iran war drives 'stagflationary shock'
The commission's forthcoming spring forecast, released later this week, will see economic growth figures adjusted down and inflation figures up.
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economictimes.indiatimes.com
Global Market: U.N. cuts global growth forecast as Middle East crisis fuels inflation risks
The UN has lowered its global growth forecast to 2.5% for 2026, warning that Middle East tensions are fueling inflation, disrupting supply chains, and weighing on economic…
