FILE - Gas prices are displayed at a gas station in Frankfurt, Germany, on July 28, 2023. The European economy grew modestly in the most recent quarter, breaking out of a months of stagnation or contraction as higher interest rates designed to fight inflation make it more expensive for households and businesses to borrow, invest and spend. (AP Photo/Michael Probst, File)
August 6, 2023
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August 6, 2023 midnight
Europe's economy grows a bit after months of stagnation. But rate hikes are weighing on businesses
The 20 countries that use the euro currency and their 346 million people saw 0.3% growth in the April-to-June period, compared with the first three months of the year, the EU statistics agency Eurostat reported Monday.