Russian war slowing growth and hiking inflation, European Commission warns

Body revises economic forecast and says outlook for EU and eurozone heavily dependent on course of war

Europe's economy faces the twin blows of slower growth and higher inflation as it struggles to deal with the fallout from Russia's invasion of Ukraine, the European Commission has warned.

In its summer forecast, the governing body in Brussels said the protracted war" was sending shockwaves through the eurozone and the wider EU, leading to a marked slowdown in activity next year.