Despite rising interest rates weighing on private consumption, Germany's economy shrank less than expected in the third quarter, underpinned by investment, preliminary estimates from Destatis showed Monday. Gross domestic product fell 0.1 percent sequentially, offsetting an upwardly revised 0.1 percent rise a quarter ago. The pace of contraction was slower than the expected 0.3 percent decline.The...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.