Economic concerns grow across EU as bloc maintains war footing

The International Monetary Fund warns EU finance ministers to expect high inflation to persist, and recommends measures to promote economic growth across the 27-nation bloc.

EU economy

Jerome Hughes
Press TV, Brussels

The International Monetary Fund warns EU finance ministers to expect high inflation to persist and recommends measures to promote economic growth across the 27-nation bloc. Mortgage holders in the eurozone have just been hit by further interest rate hikes while the cost of running a business in the EU also continues to rise.