Supply slowdown to affect eurozone GDP

GDP report: Employees at an electric car plant in Germany. The German government lowers its outlook after carmakers cut production due to semiconductor shortages. — AFP

ZURICH: The eurozone’s final spurt of growth before logistics logjams and surging gas prices stunt its momentum will be on display in data this week.

Although tomorrow’s gross domestic product (GDP) report is likely to show robust performance in the third quarter, a double whammy of supply and demand shocks means the economy will now take longer to recover its pre-pandemic level of output.