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Euro area growth forecast cut as Middle East conflict drives oil prices higher
The European Commission cut euro area 2026 GDP growth to 0.9% as Middle East conflict pushes oil above $120/barrel and clouds the monetary policy outlook.
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cryptobriefing.com
European Central Bank warns Middle East crisis is squeezing euro area growth and stoking inflation
The ECB raised rates to 2.25% and cut 2026 growth forecasts to 0.8% as Middle East conflict drives energy prices and inflation toward 3.4%.
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global.chinadaily.com.cn
ECB official says Middle East crisis weighs on eurozone growth, fuels inflation risks
This photo taken on July 27, 2023 shows the Euro sign in Frankfurt, Germany. [Photo/Xinhua]
