Euro zone inflation jumps to 3% as economic growth nearly stalls
Updated
Updated · CNBC · Apr 30
Euro zone inflation jumps to 3% as economic growth nearly stalls
13 articles · Updated · CNBC · Apr 30
Preliminary data showed first-quarter euro zone GDP rose just 0.1%, while April inflation climbed from 2.6% in March ahead of the ECB's policy decision.
Eurostat said energy prices rose 10.9% year on year, pushing inflation above the ECB's 2% target as the Iran war and Strait of Hormuz blockade squeeze fuel supplies.
Core inflation eased to 2.2% from 2.3%, suggesting limited second-round effects, but economists still warn of stagflation and say rate hikes could risk a mini-recession.
With the Iran war crippling energy supplies, is the Eurozone already locked into a 1970s-style stagflation?
Can Europe's emergency measures break its energy dependency before the economy slides into a deep recession?
As traditional investments fail, what new strategies can protect savings from the worst supply shock in history?