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Europe’s Stellar Growth Is Already Unraveling as Inflation Jumps

  • Confidence has slumped and Germany is already stagnating
  • Traders have pared bets on ECB rate hikes as economies weaken
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Euro-Zone Inflation Climbs to Record High in July

Europe’s bumper economic growth is already buckling under the weight of record-breaking inflation and the increasing likelihood of a Russian energy cutoff.

Second-quarter output in the 19-member euro zone surged by more than three times the amount analysts expected, with Italy, Spain and France topping estimates by some distance.