Eurozone inflation surged to 3.0% in April, driven by a 10.9% increase in energy prices resulting from the Iran war and the blockade of the Strait of Hormuz.Regional economic growth slowed to 0.1% during the first quarter as concerns regarding stagflation mount among global economists.The
European Central Bank is expected to hold benchmark interest rates steady at 2% to avoid exacerbating the current slowdown.