The euro area economy recovered as estimated in the first quarter after contracting for two straight quarters, flash estimate from Eurostat showed on Wednesday.Gross domestic product grew 0.3 percent sequentially, reversing the 0.1 percent falls each in the third and fourth quarters of 2023. The rate matched the preliminary flash estimates released on April 30.On a yearly basis, economic growth im...
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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.