The Eurozone’s gross domestic product (GDP) slowed its growth in the third quarter to 0.2% from 0.8% recorded in the second quarter of the year.
Euskaraz irakurri: Euroguneko urte arteko inflazioak markak hautsi ditu urrian eta % 10.7raino igo da
Year-on-year inflation in the eurozone rose eight-tenths in October to 10.7%, a new record high in the history of the eurozone, according to preliminary data released this Monday by the Community’s Office for the Economy. statistics, Eurostat.
By sector, the main price increase was recorded in energy, at a rate of 41.9%, after reaching 40.7% in September. After energy, food, alcohol and tobacco followed, with an increase of 13.1% from the 11.8% recorded in September.
For its part, the core inflation (headline index excluding unprocessed foods and energy products)grew by four tenths to 6.4%.
Of the 19 countries sharing the euro, the highest inflation rates were recorded in Estonia (22.4%), Lithuania (22%), Latvia (21.8%) and the Netherlands (16.8%). The smallest price increases occurred in France (7.1%), Spain (7.3%) and Malta (7.5%).
Eurozone GDP slows growth to 0.2% in third quarter
Eurozone gross domestic product (GDP) slowed its growth in the third quarter to 0.2% from 0.8% observed in the second quarter of the year, according to the estimate published by the Community Bureau for Economic Policy Analysis. statistics, Eurostat.
In the European Union as a whole, third-quarter GDP growth also slowed from 0.7% in the previous three months to 0.2%.
Of the countries for which data was available, Sweden recorded the highest quarterly growth (0.7%), followed by Italy (0.5%), Portugal and Lithuania (both 0.4%). In contrast, activity contractions were observed in Latvia (-1.7%), as well as in Austria and Belgium (both -0.1%).
Spain slowed its growth rate in the third quarter to 0.2% from 1.5% in the previous three months, while France grew 0.2%, compared to 0.5% in the second quarter.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
