{"id":937368,"date":"2021-10-29T12:58:42","date_gmt":"2021-10-29T16:58:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=937368"},"modified":"2021-10-29T12:58:52","modified_gmt":"2021-10-29T16:58:52","slug":"european-economies-grew-faster-than-us-as-inflation-and-supply-chain-delays-crippled-the-country","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-economies-grew-faster-than-us-as-inflation-and-supply-chain-delays-crippled-the-country\/","title":{"rendered":"European Economies Grew Faster Than US As Inflation And Supply Chain Delays Crippled The Country"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feuropean-economies-grew-faster-than-us-as-inflation-and-supply-chain-delays-crippled-the-country%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=937368&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>European economic growth outpaced the U.S. and China as COVID-19 restrictions eased and vaccination rates increased, but supply chain disruptions and inflating prices will hold back expansion in the near future, The Wall Street Journal reported Friday.<\/p>\n<p>Gross domestic product in the eurozone increased at a seasonally adjusted annualized rate of 9.1% in the quarter ending in September, <a href=\"https:\/\/www.wsj.com\/articles\/eurozone-economy-outpaces-u-s-china-but-tougher-times-lie-ahead-11635505779\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to the WSJ. &nbsp;In comparison, the <a href=\"https:\/\/dailycaller.com\/2021\/10\/29\/consumer-spending-grew-slowly-september-covid-19-cases-supply-chain-problems-rising-inflation\/\" target=\"_blank\" rel=\"noopener noreferrer\">U.S.<\/a> economy grew at a 2% <a href=\"https:\/\/dailycaller.com\/2021\/10\/28\/us-economy-growth-slowed-2-third-quarter-supply-chain-worsens\/\" target=\"_blank\" rel=\"noopener noreferrer\">rate<\/a> and China grew at just 1%.<\/p>\n<p>Economists believe that while eurozone growth is significantly outpacing the U.S., its growth is expected to slow due to worsening supply chain bottlenecks that limit economic expansion into other countries, the WSJ reported. <a href=\"https:\/\/dailycaller.com\/2021\/10\/28\/jobless-claims-281000\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>(RELATED: Jobless Claims Drop To 281,000)<\/strong><\/a><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"9.0836653386454\">\n<p dir=\"ltr\" lang=\"en\">OUCH! <a href=\"https:\/\/twitter.com\/hashtag\/Eurozone?src=hash&amp;ref_src=twsrc%5Etfw\">#Eurozone<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Inflation?src=hash&amp;ref_src=twsrc%5Etfw\">#Inflation<\/a> tops expectations as energy crunch bites. Consumer prices rose 4.1% in Oct, highest since 2008, core rate reached 2.1%, highest since 2003. <a href=\"https:\/\/t.co\/ZLoDtwDd9d\">pic.twitter.com\/ZLoDtwDd9d<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1454011351123251202?ref_src=twsrc%5Etfw\">October 29, 2021<\/a> <\/p>\n<\/blockquote>\n<p>The eurozone depends mainly on international trade compared to the U.S., where services represent a large part of the economy, the WSJ reported. This has caused eurozone production to slow as companies struggle to find manufacturing supplies.<\/p>\n<p>The eurozone saw a recent spike in consumption after the region loosened COVID-19 restrictions, citizens returned to restaurants and travel picked up, according to the WSJ. Some European governments have begun reinstating COVID-19 rules as the colder weather spurs more COVID-19 cases.<\/p>\n<p>\u201cWe have to be aware of the risks we could face over the next month,\u201d French Finance Minister Bruno Le Maire said at the G20 meeting in Rome, the WSJ reported.<\/p>\n<p>\u201cThe first one is bottlenecks, and the risk of shortages of raw materials, of semiconductors and also on the labor market. I think this is the key risk for the next months for the economic recovery,\u201d Bruno added.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European economic growth outpaced the U.S. and China as COVID-19 restrictions eased and vaccination rates increased, but supply chain disruptions and inflating prices will hold back expansion in the near &#8230;<\/p>\n","protected":false},"author":86,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-937368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/937368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=937368"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/937368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=937368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=937368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=937368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}