Despite hopes for a post-pandemic resurgence and cooling inflation, the European economy is now bracing for stagflation as regional economies show signs of a slowdown.
Economic data from the third quarter paints a bleak picture. Purchasing Managers’ Index (PMI) and the Euro area sentiment indicators have declined in September.
A PMI of 45, the lowest year-to-date, points that the fourth quarter will likely see near-zero growth, if…
