The German economy expanded at a slightly faster pace in the first quarter, underpinned by consumption and exports, defying the adverse impact of the conflict in the Middle East.Germany's gross domestic product grew 0.3 percent from a quarter ago, unrevised from the previous estimate and followed the fourth quarter's 0.2 percent expansion, detailed data from Destatis showed Friday."Following the s...
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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.