The International Monetary Fund (IMF) warned this Friday that the European Union could come close to economic recession and see inflation climb to 5% in a scenario where the conflict in the Middle East worsens. In this sense, the institution urges the region to respond to energy shocks through policies targeted at the most vulnerable.
“No European country is safe”. IMF warns of recession if war escalates
Friday, 17 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
