Economics
Euro-Area Economy Gets Higher Inflation But Weaker Growth
- GDP rose 0.3% in second quarter, just below median forecast
- Consumer-price growth above 2% for first time since 2012
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A bumper day of euro-area economic releases showed the region’s vital signs remain good, if not great.
The region’s economic expansion entered a sixth year but growth slowed to just 0.3 percent, the weakest in two years. Inflation accelerated further above the European Central Bank’s goal, though that was largely driven by stronger energy prices. Unemployment remained at the lowest since 2008.