Eurozone inflation rises to 3% year-on-year due to rising energy costs, and could take up to a year to return to normal
By Martin Wolburg Just as signs of a recovery in economic activity were beginning to emerge, the conflict with Iran has started to weigh on the eurozone economy. Confidence indicators deteriorated significantly in April: the composite PMI fell below the expansion threshold to 48.6, and consumer confidence dropped to its lowest level since the start of the pandemic. Rising energy prices are eroding real incomes, and inflation accelerated from 1.9%…




