International Economic

European Commission cuts GDP outlook as 'energy shock' ignites inflation fears

By Benjamin Chiou

Date: Thursday 21 May 2026

(Sharecast News) - The European Commission has slashed its growth forecasts for the eurozone and wider EU as a result the "energy shock" caused by the Iran war, adding a whole percentage point to its inflation projection this year.

The EU's main executive body said it now expects the EU...

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