Stagflation alarm bells ring in the euro zone as energy crunch hits the global economy

• Economic activity in the euro zone slowed sharply in March, flash PMI data showed Tuesday.
• Economists warn stagflation — high inflation and stalling growth — is facing the region because of the Iran war.
• European Commission President Ursula von der Leyen said Tuesday that it was time for negotiations with Iran, given the “critical” nature of the global energy crisis.

Private sector output in the euro zone sank to a 10-month low in March, amid mounting evidence of the impact the Iran conflict is having on the global economy.

Source: https://www.cnbc.com/2026/03/24/euro-zone-pmi-staglation-risks-critical-energy-crunch-vdl-iran-war.html