ESM sees euro zone recession if US sell-off, new Middle East war hit simultaneously
- Economy
- Reuters
- Published Date: 12:16 | 06 July 2026
- Modified Date: 12:26 | 06 July 2026
A new Middle East conflict and a U.S. assets sell-off are the two biggest risks to the eurozone, which, if twinned, could tip the euro area into a recession and send inflation near 5%, the European Stability Mechanism said in a report on Monday.