Eurozone expansion hits record 8.9% regardless of surprisingly good development Expansion in the European nations utilizing the euro cash shot up to one more record in July, moved by higher energy costs energized by Russia's conflict in Ukraine, yet the economy actually oversaw surprisingly good, if pitiful, development in the subsequent quarter. Yearly expansion in the eurozone's 19 nations rose to 8.9% in July, an increment from 8.6% in June, as per numbers distributed Friday by the European Union measurements office. For quite a long time, expansion has been running at its most significant levels beginning around 1997, while record-saving for the euro started, driving the European Central Bank to raise financing costs last week without precedent for 11 years and sign one more lift in September. Energy costs flooded in July by 39.7%, somewhat lower than the barely a month ago because of gas supply concerns. Costs for food, liquor and tobacco rose by 9.8%, quicker than the in...
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