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Euronews
Euronews
Piero Cingari

Iran war effects on Europe: Is a recession already unfolding?

The war in the Middle East, involving Iran, has now done what no trade dispute, tariff threat or industrial malaise of the past two years managed to achieve.

According to a flash Purchasing Managers' Index (PMI) surveys released Thursday by S&P Global, business activity across the euro area fell sharply in April.

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