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

The commission's forthcoming spring forecast, released later this week, will see economic growth figures adjusted down and inflation figures up.

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe…