Euro zone inflation and growth fall as ECB hikes bite

Euro zone inflation and growth fall as ECB hikes bite

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Inflation in the euro zone is falling fast and the economy has begun contracting, data showed on Tuesday, illustrating the dual impact of a steady diet of European Central Bank interest rate hikes. Prices rose by just 2.9% in October, their slowest pace since July 2021, a Eurostat flash reading…

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