Prices across the 19 countries that use the euro increased at an annual rate of 10.7% in October, up from 9.9% in September, according to initial estimates released Monday. Energy prices jumped by nearly 42% year-over-year, while the cost of food, alcohol and tobacco increased by more than 13%. Notably, prices in the services sector climbed at a faster rate in October than in September.
2% growth in gross domestic product compared with the previous quarter as post-lockdown spending and a summer tourism boost helped offset the impact of the rising cost of living. Still, economists expect a recession will arrive over the winter as energy prices force Europeans to watch their wallets and push businesses to hoard cash. Natural gas prices are also hurting industrial production, even though they’ve fallen sharply since peaking in August.
The Netherlands produce enough energy and food to sustain themselves , but are being shut down by non scientific climate regulations.
Bidens decision to close one of the worlds biggest oil producers started this.
Why don’t the Democrats hammer on this? It is a worldwide inflation and Biden has given us one of the best (of the bad) economies in the world.
You have been exposed. The leak proves Trump was right all along. You are just a mouthpiece for the Democrat party.
Whoever ordered those drone strikes on the Russian fleet was not thinking.
Gotta love your president. My president we had no problems
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: hackernoon - 🏆 532. / 51 Read more »
Source: CNN - 🏆 4. / 95 Read more »