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Euro zone inflation sinks to 2.4%, below expectations

  • Inflation in Europe dropped to 2.4%, the lowest in over two years, due to decreased energy costs, but higher interest rates are hindering economic growth.
  • The European Central Bank's projections have been unreliable, and economic indicators suggest weaker growth and disinflation, leading economists to recommend against rate hikes.
  • Despite the economic challenges and contraction in the euro area, the ECB may remain hawkish due to a potential resurgence in inflation from external factors.
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Bias Distribution

  • 44% of the sources lean Left
44% Left
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Boston Globe broke the news in Boston, United States on Thursday, November 30, 2023.
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