Eurozone Inflation Rises to 3% Amid Stagnant Economic Growth
Eurozone inflation rose to 3% in April, while first-quarter GDP growth was a mere 0.1%, signaling economic stagnation. The data precedes the European Central Bank's upcoming monetary policy decision, with concerns over potential stagflation due to the Iran war and energy shortages.
Topics: economic growth European Central Bank GDP inflation Iran war stagflation