The stand of German car manufacturer Audi is reflected in the ceiling during a media preview day at the Frankfurt Motor Show (IAA) September 11, 2013. REUTERS/Kai Pfaffenbach
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The 19-nation eurozone economy eked out another quarter of muted growth in the third quarter of the year, and saw inflation rise in October to its highest level in more than two years as oil prices rebound from decade-lows, official figures showed Monday. EU statistics agency Eurostat said the eurozone economy grew by 0.3 percent in the July to September period, unchanged from the previous quarter, while inflation edged up to 0.5 percent in the year to October from 0.4 percent the previous month.The eurozone's growth rate remains fairly paltry even after accounting for any uncertainty caused by Britain's vote in June to leave the EU – if repeated in the final quarter of the year, the eurozone economy will register growth of only 1.5 percent in 2016 . October's rate is the highest since June 2014, when inflation was also 0.5 percent.
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