The GDP of the euro zone stops short and inflation hits a historical ceiling of 10.7%
The effects of the war in Ukraine, the energy crisis and historically high inflation have caused the euro zone economy to slow down in the third quarter of the year. The GDP of the countries that share a currency barely increased by 0.2% between July and September, in a context of unstoppable price escalation. This is demonstrated by the fact that the annual rate of the CPI has reached levels not seen in October since the euro came into circulation at 10.7%. It is the photograph of the crisis published this Tuesday by the Community Statistics Office, Eurostat.
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