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.

2 months ago

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Times of India

Inflation hits record 8.9% in euro area, but economy grows

Annual inflation in the eurozone's 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to numbers published Friday by the European Union statistics agency.

2 months ago·Mumbai, India

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Reuters

Euro zone Q2 growth accelerates, defies expectations of slowdown

Euro zone economic growth accelerated quarter-on-quarter in the second quarter, preliminary data showed on Friday, defying expectations of a slowdown, thanks to a much stronger than forecast performance in Spain, France and Italy.

2 months ago·United Kingdom

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abc News

Inflation hits record 8.9% in euro area, but economy grows

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices driven partly by the war in Ukraine

2 months ago·United States

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New York Times

Eurozone economy grows faster than expected, but so do prices

In the 19 countries that use the common European currency, consumer prices jumped 8.9% in July compared with a year ago as inflation reached a fresh record, the third straight month of gains.

2 months ago·New York, United States

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CNBC

Euro Zone Economy Grows 0.7% in the Second Quarter Despite Gas Crisis and Inflation Surge

Growth in the euro zone beat expectations for the second quarter, coming in at 0.7%.

2 months ago·United States

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The Hill

Inflation hits record 8.9% in euro area, but economy grows

LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy …

2 months ago·Washington, United States

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