The risks of a downturn to the outlook for economic growth globally have continued to increase throughout October. some leading indicators now indicating even more severe recessions, especially in the eurozone. On the bright side, the euro zone escaped recession in the third quarter, as consumers' spending turned out to be more resilient to the effects of inflationary pressures than anticipated. However inflation pressures continue to grow, as the euro zone HICP growth hit a record-setting high of 10.7 percent in October. Although energy prices were the primary factor driving inflation in H1 2022, the pressures on prices are now…