Euro zone economic sentiment falls as price pressures rise
Euro zone economic sentiment fell to 93.0 in April while price expectations rose. Inflation is forecast at 2.9 percent as the ECB prepares for its meeting.
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The European Commission reported euro zone economic sentiment fell to 93.0 in April, a three-and-a-half-year low, down from 96.6 in March. Services confidence hit a five-year low as Middle East tensions pressured the 21-nation currency bloc. Investors face a stagflationary mix of plunging growth and soaring price expectations, complicating the European Central Bank's policy path.
