Associated Press
Europe scrapes out economic growth by dodging gas disaster
Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants. Economic output crept 0.1% higher in the last three months of 2022 from the previous quarter, European Union statistics agency Eurostat reported Tuesday, avoiding an outright downturn as warmer-than-usual winter weather shelved fears of energy rationing. For all of 2022, the economy grew 3.5%, outpacing the 2.1% expansion in the U.S. and China’s 3% growth last year.