Eurozone GDP growth hits four-month low

Economic growth in the Eurozone slowed to its lowest level in four months in October, due to rising energy costs and inflationary pressures resulting from the Middle East war. France continues to experience contraction owing to political and financial crises. The composite output index fell to 51.9 points, reflecting a slowdown in the pace of economic recovery, amidst expectations of further tightening of monetary policy by the European Central Bank. Meanwhile, export orders grew for the third consecutive month despite the overall slowdown.

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