The euro area economy grew at a slower pace in the fourth quarter due to the restrictions imposed by the member countries amid the spread of the Omicron variant of the coronavirus, preliminary flash estimate from Eurostat showed on Monday.
Gross domestic product grew 0.3 percent sequentially, slower than the 2.3 percent expansion seen in the third quarter. The rate came in line with economists' expectations.
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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.