Central Banks' Big Week, U.K. Rebound, Bernanke Warning: Eco Day

(Bloomberg) -- Good morning Americas. Here’s news and analysis from Bloomberg Economics to help get your Friday started:

  • Next week is a big one for global central banks, with the Fed, ECB, and Bank of Japan all gearing up for decision days
    • While the Fed is leading the path away from loose policy, all eyes may be on Mario Draghi, who is ready to set an end-date for the European Central Bank’s bond-buying program this summer, according to economists in a Bloomberg survey
  • Bank of England policy maker Dave Ramsden sees the U.K. economy bouncing back. Still, British households are becoming less certain that an interest rate hike is coming
  • German industrial production unexpectedly fell in April, continuing a run of poor economic news from Europe’s largest economy
  • Former Fed chief Ben Bernanke is seeing a Wile E. Coyote moment for the U.S. economy in 2020
  • Brazil is joining Turkey in stepping up efforts to stem a currency rout amid emerging-market stresses
    • Meanwhile, Argentina just sealed a deal for a $50 billion stand-by arrangement with the IMF, although Goldman and Morgan Stanley say the pain isn’t over
  • Japan looks to be moving past a rough stretch that ended a two-year streak of expansion and saw GDP shrink in the first quarter
  • China’s massive trade surplus with the world shrank in May. Unfortunately for the ongoing tensions with President Donald Trump, the surplus with the U.S didn’t
  • Finally, here’s our roundup of all that you might have missed this week in the global economy

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