How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
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Source: CNBC
Published: 2026-05-29 22:24 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Science, Middle East, Europe, Military & Defence, Iran, Economy & Finance, Tax & Budget, Business & Economy, War & Conflict
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Snippet:
A "double scar" of past inflation woes and geopolitical trauma is warping how consumers view the economy and threatening a drop-off in retail spending, new research from the European Central Bank showed.
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