Thailand's new government will use its controversial digital handout plan to spend its way out of what it calls an economic "crisis" without making any major cutbacks or hitting its credit ratings, a senior government advisor said.

Indonesia's trade surplus is seen to narrow slightly in October to $3 billion from the previous month, as exports are still expected to weaken, a Reuters poll showed on Tuesday.

Wages in Britain grew slightly less fast in the three months to September after rising at a record pace previously, according to official data that will leave the Bank of England on alert for inflation pressures.

The euro zone economy contracted marginally quarter-on-quarter in the third quarter, a new estimate confirmed on Tuesday underlining expectations of a technical recession if the fourth quarter turns out equally weak, but employment still rose.

Consumers can expect some relief from food inflation next year, with the price of key staples such as sugar, coffee, corn and soybeans set to ease as supplies adjust higher in response to three years of soaring prices, Rabobank said in a report.

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation.