Iran war squeezes Europe’s economy as growth slumps, prices surge (www.france24.com)
from throws_lemy@reddthat.com to world@lemmy.world on 21 May 16:51
https://reddthat.com/post/66060498

Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living crunch and possible recession.

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