European stocks fell slightly on Wednesday after the Organization for Economic Cooperation and Development (OECD) forecast the global economy would contract 6.0 percent this year before bouncing back with 5.2 percent growth in 2021.
As the threat of a second wave of contagion keeps uncertainty high, OECD chief economist Laurence Boone wrote in an introduction to the refreshed outlook that now was no time to fan the flames of trade tensions and governments should cooperate on a treatment and vaccine for the virus.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.