Middle East War Hurts Economic Growth
Middle East war caused energy price rises and supply chain issues, prompting economist Chris Williamson to say economy was hit hard.
Inflation rose to 2.5%, exceeding ECB's 2% target, with first-quarter growth at 0.2%.
Spain led growth, Germany slowed, France and Italy contracted.
Employment and business confidence dropped, raising investment concerns.
Input inflation hit 3-year high, deepening growth vs. inflation dilemma.