Stagflation Fears Weigh on Global Markets Amid Slowing US Economy

Global stock markets were mixed on Monday as concerns over stagflation weighed on investors. The US economy reported weaker-than-expected growth, causing US stocks to retreat from their all-time high.

The mixed performance was seen in both Europe and Asia, with Brent crude prices edging higher despite the overall lackluster market sentiment.

A report on the US economy showed slower-than-expected growth, which raised concerns about the potential for stagflation, a combination of high inflation and stagnant economic growth.