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Europe's economy grows despite war-driven oil prices
Original: Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as
Europe's economy grew moderately in the third quarter, with gross domestic product rising 0.4% from the previous quarter, despite higher oil prices caused by the US-Iran war. The figures suggest the eurozone has so far absorbed the energy shock better than expected, though analysts are watching whether sustained energy costs will slow growth in coming quarters.
Why now: Fresh GDP data shows the European economy holding up despite the energy price shock from the US-Iran conflict.
Evidence
- Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4% over the quarter before # Energymarkets # Oilandgasindustry # Economicindicators # Iranwar # Economy # Business #… · abcnews@www.urbanmind.net · 3
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