WORLD Eurozone maintains growth as inflation surges

WORLD

Eurozone maintains growth as inflation surges

AFP

17:33, October 29, 2021

File photo

The Eurozone economy maintained its healthy recovery from the pandemic at 2.2 percent, Eurostat said Friday, but surging inflation on high energy prices clouded future progress.

Year-on-year inflation rocketed to a 13-year high of 4.1 percent in October, more than double the European Central Bank's target, as energy prices jumped 23.5 percent, the agency said.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue