Taiwan's economy contracted for the second straight quarter in three months ended March, largely due to weaker investments, official data showed Friday.Gross domestic product declined at a faster pace of 3.02 percent on a year-on-year basis after falling 0.41 percent in the fourth quarter, a preliminary estimate by the Directorate General of Budget, Accounting, and Statistics revealed.As a result,...
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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.