The UK economic output contracted in the third quarter indicating that the economy is moving into a mild recession towards the end of the year. Gross domestic product shrank 0.1 percent sequentially in the third quarter, which was revised down from the flat growth estimated initially, the Office for National Statistics reported Friday. The ONS also revised the second quarter GDP to show no growth ...
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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.