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Italy's growth set to slow on war in Ukraine; ECB does not see risk of stagflation — Macro Snapshot

RIYADH: While Spain and Italy’s growth forecasts show decline, the European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to higher energy prices and push down growth, President Christine Lagarde was quoted as saying on Saturday. “Incoming data don’t point to a material risk of stagflation,” Lagarde
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