The World Bank forecast economic growth across Europe and Central Asia to ease this year reflecting the slowdown in both Russia and Turkey.According to the latest World Bank Economic Update for Europe and Central Asia, released Wednesday, growth in the emerging and developing countries of Europe and Central Asia is set to ease to a four-year low of 1.8 percent this year from 3.2 percent in 2018.No...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.