Economic output has been suffering due to rising energy costs Eurozone economic growth has slumped and could soon wind down to zero, the European Central Bank (ECB) vice president said on Monday. “We are seeing that in the third and fourth quarters there is a significant slowdown and we may find ourselves with growth rates close to zero,” Luis de Guindos said at a conference, according to Reuters. Economic output has been suffering due to soaring energy costs and the loss of Russian natural gas, which has raised the risk of energy rationing during the upcoming heating season. Elevated energy prices propelled euro
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