The euro area economy is expected to recover only moderately after a challenging year during which growth was damped by weak consumption and subdued foreign demand, the European Commission said in its Autumn Economic Forecast, released Wednesday. The EU forecast the 20-nation currency bloc to grow by a modest 0.6 percent in 2023, which is less than the 0.8 percent estimated previously.Going forwa...
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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.