Mideast war cuts eurozone growth outlook
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The eurozone economy is projected to grow less than previously expected this year, with the European Commission revising its forecast down to 0.9 percent. Inflation predictions have been significantly raised to 3.0 percent due to the Middle East conflict causing an energy shock and increased fuel prices. The EU is vulnerable to energy price fluctuations and is urged to reduce reliance on imported fossil fuels, learning from previous crises.
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