EU to downgrade economic forecasts as ‘Iran war’ triggers stagflation and political fears

The European Union will almost certainly downgrade its full-year economic forecasts as the ongoing “Iran war” and the closure of the Strait of Hormuz plunge the bloc into stagflation, threatening to ignite severe political crises across the continent, according to the European Commissioner for the Economy. The economic shock stems from a continued standoff between […] The post EU to downgrade economic forecasts as ‘Iran war’ triggers stagflation and political fears first appeared on Dailynewsegypt .

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