May's Much-Needed Holiday, Busy Data Week, Fiscal Boost: Eco Day

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

• Embattled PM Theresa May, heading out on holiday, is winning some support from beyond her borders, with Italy’s far-right deputy PM pledging to back Britain in trade talks and accusing the European Union of trying to “swindle” U.K. voters
• Storm before calm. A slew of global economy events hit the calendar this week before the relative August lull
• Other stimulus. More economies are stepping up fiscal spending just as the era of easy money from central banks draws to a close
• Outlier bet. The U.S. Treasury secretary sees sustained 3% growth, but his bet counters most economists, including those at the Federal Reserve
• Powering ahead. India could be seeing a resurgence of animal spirits to keep the economy on track, while the central bank is set for another interest-rate increase
• Dollar debt. China is a record dollar borrower even as it’s talked tough about trying to replace the greenback as the global financial system’s currency of choice
• Chin-bodia. Cambodian PM Hun Sen just extended his 33-year reign with the backing of the country’s biggest investor and trade partner, China
• Against the wave. Russia could buck the global tightening cycle this year, with potential for a cut in interest rates before end-2018

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, Karl Lester M. Yap

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