EU at risk of stagflation amid Middle East conflict, commissioner says
BRUSSELS, March 27 (Xinhua) -- The European Union is facing the risk of a stagflationary shock as the ongoing conflict in the Middle East drives up energy prices and clouds the economic outlook, European Commissioner for Economy Valdis Dombrovskis said on Friday.
Speaking at a press conference following a virtual Eurogroup meeting, Dombrovskis said the conflict has intensified in recent weeks pushing energy pric