The UK economy recovered as expected in November supported by services and production, but the growth was not sufficient to soothe recession fears as even a slight downturn in December will result in two consecutive quarters of contraction. Real gross domestic product expanded 0.3 percent in November, offsetting the 0.3 percent decrease in October, the Office for National Statistics said Friday.In...
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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.