Global Slowdown Risks, Brexit Drama, BoJ Transcripts: Eco Day

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

• Prime Minister May is facing a torturous dilemma: renege on her pledge to hold to her own Brexit plan, or risk revolt from within her own political party
• Internal skeptic. The Minneapolis Fed chief isn’t on board with faster interest-rate increases by the central bank, sounding the alarm that this could trigger recession
• Measured slowdown. China has more options than central banking to guard an economy that’s tapping the brakes
• Ob la di, ob la da. Markets are too complacent about the growing risks in the global economy, including exacerbating trade tensions, says the IMF
• Shopping spree. U.S. retail sales gained for a fifth month in June, showing a rebound for consumption in the second quarter after a sluggish start to 2018
• For the record. The Bank of Japan was confident of growth prospects for the second half of 2008, just before the Lehman Brothers crash, transcripts released Tuesday show
• Central bank update. New Zealand inflation picked up comfortably within the Reserve Bank’s target band, and Australia’s central bank says there’s no strong case for a policy adjustment based on the paths for unemployment and inflation

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Tuhin Kar

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