European Economies Grew Faster Than U.S. As Inflation and Supply Chain Delays Crippled the Country

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.

Gross domestic product in the eurozone increased at a seasonally adjusted annualized rate of 9.1% in the quarter ending in September, according to the WSJ.  In comparison, the U.S. economy grew at a 2% rate and China grew at just 1%.

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