China Cooling, Global Growth Perks Up, Fed Holds Line: Eco Day

(Bloomberg) -- Welcome to Thursday, Asia. Here’s news from Bloomberg Economics to help get your day started:

• Early China growth indicators point to a slight slowdown, says Fielding Chen, while world economic growth is perking up from a recent moderation
• Hawks at bay. The Fed paused and maintained its gradual tightening line, and Carl Riccadonna reckons it’ll tolerate some inflation overshoot
• No way Jose! China won’t succumb to U.S. “threats,” officials said, ahead of Beijing trade talks. Tom Orlik has low expectations of a breakthrough
• Mongolia is booming again a year after a bust. But for how long?
• Prime Minister Narendra Modi plans to map employment in the shadow economy, as central bank researchers complain India’s multiple GDP revisions are confusing and don’t really provide clarity on the economy
• President Trump’s massive fiscal stimulus plans are adding to the U.S. debt overload and forcing the government to drive up bond issuance
• The world’s longest-working man condemned Brazil’s pension reforms, while the IMF denounced Venezuela for failing to disclose economic data

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net.

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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