Russian Growth, Carney's Warning, China's Expansion: Eco Day

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

• Here’s our guide to global central banks and the outlook for their respective monetary policies
• Dimmer view. Russia’s government will lower its forecast for economic growth next year as a plan to raise value-added tax keeps monetary policy tight and curtails expansion, according to an official familiar with the matter
• Outlook clouded. Global trade tensions are getting in the way of a clearer path for further Czech monetary tightening
• Sounding the alarm. Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts
• Slowdown deepens. China’s expansion also looks to have slowed further while some economists are detecting signs that trade tensions are having an impact on U.S. companies. The White House moved forward with plans to limit Chinese investments but chose a less a confrontational approach
• Turning dicey. Australia is riding out a huge gamble on property, betting 27 years of recession-free growth will continue unabated and allow borrowers to keep servicing debt
• No extra cash. Japanese retail sales fell in May by the most in nearly two years, pointing to weaker consumption that could restrain any rebound in the economy

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Ashutosh Joshi

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