EU's commissioner says the EU will cut its growth outlook and raise its inflation forecast amidst the Iraniar war, noting of a "stagflationary shock", CNBC reports
The EU's commissioner signaling a revised economic outlook is significant as it reflects concerns about rising inflation and stagnant growth, particularly in the context of ongoing geopolitical tensions like the Iran war.
Iran has given an updated proposal for a deal to end the war, but the White House believes it is not a meaningful improvement and is insufficient for a deal, a senior U.S. official and a source briefed on the issue told Axios.
Newsquawk Daily Economic Releases - 19th May 2026
EU's commissioner says the EU will cut its growth outlook and raise its inflation forecast amidst the Iraniar war, noting of a "stagflationary shock", CNBC reports
President Trump is set to announce this afternoon a "dramatic expansion" of discounted prescription drug offerings available on TrumpRx.gov, a White House official tells CNBC
Iranian President says Iran will not yield to foreign powers, adding that Iran has the right to defend itself
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“We think it’s important that the support measures we take are temporary and targeted, not ones which actually sustain high demand for fossil fuels".
This "stagflationary shock" suggests potential challenges for monetary policy, likely leading to more cautious actions from the ECB regarding interest rates, which could impact risk sentiment across markets.
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