Economic growth in Europe slowed at the start of the year, raising concerns about the pandemic recovery, which is facing additional strain from Russia's war in Ukraine.
The Eurozone expanded just 0.2 percent in the first quarter, hurt by a contraction in Italy, stagnation in France, and weaker-than-expected growth in Spain. Activity also shrank in Sweden. It did in the U.S. as well, though that reflected a surge in imports tied to steady consumer demand.
Meanwhile, inflation in United States, Europe, India, and Brazil is pressuring central banks to tighten policy aggressively.
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