The euro area logged a faster growth in the second quarter as France, Italy and Spain fared well despite deepening energy crisis and high inflation, while the German economy failed to gain momentum, official data showed Friday.
Gross domestic product grew 0.7 percent on a quarterly basis, following the first quarter's 0.5 percent expansion, preliminary flash estimate from Eurostat revealed. The growth was forecast to ease to 0.2 percent.
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Business News
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.