European Union officials warn that the EU economy may face "stagflation".

European Union officials warned on the 9th that despite the recent two-week ceasefire agreement between the United States and Iran, the conflict in the Middle East has had a serious impact on the global economy, including Europe. Valdis Dombrovskis, European Commissioner for Economic Affairs, said during a speech at the European Parliament that the Middle East war has disrupted the global energy market supply chain, leading to a significant increase in energy prices. At the same time, the European economy faces the risk of stagflation, which is a situation where economic growth slows down while inflation intensifies. Dombrovskis emphasized that the EU's economic growth this year may be 0.2 to 0.4 percentage points lower than forecasted in the autumn of last year.