Eurozone economic bounce back blotted by record inflation

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Eurozone inflation surged to a record rate this month as energy prices jumped and supply chain woes bit, Eurostat said.

AFP/Ina Fassbender

Overall the eurozone economy was so far maintaining its steady recovery from Covid-19 restrictions, growing at 2.2 percent in the third quarter of the year, Eurostat said, beating expectations. But it warned that"growth will be much slower in the final quarter as supply chain disruption, slowing global demand and some labour shortages hamper production."

 

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