Stagflation Threat Looms Over Euro Zone Amid Dismal Growth & Stubborn Inflation

Amid the geopolitical shocks and inflation hurdles that have been ravaging the European continent, with the bloc’s economy weakening, the EU found itself plunged into a technical recession in early summer. As households grapple with the cost-of-living crisis, the European Central Bank (ECB) has been resorting to a policy of fiscal tightening.