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Eurozone GDP Shrinks Unexpectedly; Inflation Lowest In More Than 2 Years

Por: RTTNews Business October 31, 2023

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The unexpected contraction in the euro area during the third quarter as well as inflation slowing to a more than two-year low in November reflects the impact of the aggressive monetary policy tightening stance adopted by the European Central Bank so far but the stage is still not set for a rate cut as inflation is forecast to stay higher for longer.Gross domestic product registered a quarterly contraction of 0.1 percent in the third quarter, in... + full article



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