Inflation in countries using the euro inches higher to 7%

LTC Eugene Chu
"Inflation in European countries using the euro currency inches higher to 7% in April as squeeze on households extends By The Associated Press May 2, 2023, 2:01 AM FRANKFURT, Germany -- Inflation in European countries using the euro currency inches higher to 7% in April as squeeze on households extends."

The US is the strongest economy in the world, and the most important trading partner for the EU. As the US economy goes, so the rest of the world follows, but ESPECIALLY Europe.

Pointing to European inflation and saying "see it isn't a US thing, it is a world thing" is ignorant. Especially when the European inflation followed the US inflation.

The same thing happened in 2008 with the housing bubble crash our economy crashing sent the world economy crashing. No developed country survived without feeling the pain. Some were a bit better insulated, so felt it LESS. But everyone - including Russia and China - took a hit.