Eurozone inflation hits record high of 10.7%; UK mortgage approvals, credit card borrowing fall – business live

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Inflation jumps because of higher energy and food costs but eurozone avoids recession with 0.2% GDP growth in third quarter; wheat prices soar on world marketsThe eurozone grew by 0.2% in the third quarter from the previous quarter, according to Eurostat’s flash estimate. This compares with 0.8% growth in the second quarter.This means the currency bloc has so far avoided a recession. Continue reading... ...

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