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Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Summary by Ground News
EU's official data agency said that gross domestic product in the 19-country eurozone grew by 0.7 percent in the second quarter. The war in Ukraine has seen the price of natural gas and grocery items skyrocket, with inflation in the single-currency area inching up to yet another new record of 8.9 percent in July. Europe's industrial powerhouse Germany continued to be the worst affected by the war.

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CNBC broke the news in United States on Friday, July 29, 2022.
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