The EU will cut growth outlook, raise inflation forecast as Iran war drives 'stagflationary shock'
Source: Cnbc
Published:
<p>The EU will downgrade its growth forecast because of the "stagflationary shock" caused by the Iran war, the bloc's commissioner for the economy told CNBC.</p> <p>Valdis Dombrovskis, European Commissioner for Economy and Productivity, told CNBC's Charlotte Reed that the spring forecast, released l