The European Commission cut its EU growth forecast to 1.1% as Middle East conflict drives energy prices higher, raising inflation and debt concerns for crypto markets.

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

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…