2020 Outlook, Draghi’s Final Decision, Swedish Clarity: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• With U.S. help, global growth in 2020 may be up from dismal 2019. But risks abound, and trade tensions remain the big negative
  • If the U.S. economy manages to sustain its record-breaking expansion into 2020, it will be because U.S. consumers didn’t lose their nerve despite all the talk of recession
• Mario Draghi is about to unveil his final policy decision as European Central Bank president. His farewell press conference will follow later today
  • The new President Christine Lagarde and the nomination of Isabel Schnabel offer the bank and Germany an opportunity to repair their fractured relationship
• Elsewhere in central banks, Sweden’s Riksbank made clear it wants to put an end to half a decade of negative interest rates, as it breaks away from the monetary orthodoxy of the day
  • Norway’s central bank reiterated its view that interest rates will remain at the current level in the “coming period,” but said that an historically weak krone poses an inflation risk
  • Turkey delivered another interest-rate cut that exceeded forecasts
  • Ukraine forged ahead with interest-rate cuts, delivering a bigger-than-expected reduction
  • Indonesia cut its key interest rate for a fourth straight month
• Asia is bracing for the U.S. Treasury’s report on currency manipulators
• China leapfrogged France in the World Bank’s annual rankings for ease of doing business
• Finally, listen to our latest Stephanomics Podcast here

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