ECB Warns of Gulf Supply Shocks to Euro Area Growth

Gulf supply shocks could hit euro area growth, warns ECB

The European Central Bank (ECB) has warned that disruptions to trade through the Strait of Hormuz could have far-reaching consequences for the global economy, with supply shortages extending well beyond higher energy prices and placing up to 3 per cent of euro area production at risk in a worst-case scenario. In a blog post published […]