Barclays predicts that if oil prices remain around $100 per barrel and economic growth stagnates, European companies' earnings per share (EPS) growth is likely to fall to low single digits, and the Stoxx Europe 600 index will drop to around 550 points. Historically, during periods of stagflation, the energy, utilities, and healthcare sectors have outperformed, while the financial, telecommunications, and consumer sectors have tended to lag. In a report, the bank stated that although the energy intensity of the economy has decreased over time, economic growth still faces risks because Europe's dependence on Middle Eastern energy supplies is as high as 30%. (Jinshi)