Stagflation Complicates The ECB’s Task
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As expected, economic activity slowed in the Euro Area: GDP growth eased from 0.3% q/q in Q4 2021 to 0.2% q/q in Q1 2022. Meanwhile, core CPI inflation rose to a 29-year high of 3.5% y/y and headline inflation hit an all-time high of 7.5% y/y in April…
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