Euro zone growth, inflation accelerate, but recession looms later in year

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Reuters

By Jan Strupczewski and Balazs Koranyi BRUSSELS/FRANKFURT (Reuters) – The euro zone economy grew much faster than expected in the second quarter, but economists said it might be the economy’s last hurrah before ever-higher inflation and supply chain problems cause a mild recession in the second half of the year. The stronger growth came despite stagnation in the bloc’s biggest economy Germany, where high inflation and fears of a gas crisis triggered by the war in Ukraine have caused consumer and business sentiment to plummet, economists said. The EU’s statistics office said euro zone gross dom…

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