Stagflation alarm sounded! Eurozone's composite PMI in March fell to a 10-month low, France's PMI declined for three consecutive months and entered contraction.
The Middle East war has pushed up energy costs and suppressed the service sector, placing the European Central Bank in a dilemma between growth and inflation.
Private sector activity in the Eurozone hit the brakes sharply in March, with the composite PMI falling to a ten-month low and stagflation risks