The eurozone economy in general grew more than three times than economists had expected, despite inflation in the 19-member currency bloc, rising by 8.9 percent, up from a 8.6 percent rate last month, an all-time high.
Analysts claim that the unexpected growth will put the greater European Union (EU) economy on a stronger footing, despite surging inflation and a looming cutoff of Russian gas that may push the entire continent into a recession.
The second quarter of 2022 saw seasonally adjusted GDP increase by 0.7 percent in the eurozone and by 0.6 percent in the EU from the previous quarter, according to preliminary data from Eurostat, the statistical office of the European Union….