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ECB Toolbox, U.K. Housing Woes, Dangerous Fed Pressure: Eco Day

ECB Toolbox, U.K. Housing Woes, Dangerous Fed Pressure: Eco Day

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Mario Draghi is talking about what tools the European Central Bank has to weather the next slowdown; read more on the post-game of Wednesday’s decision as Bloomberg Economics analysis outlines how the ECB is considering stimulus, weighing economic risks after holding policy
  • The Brexit gloom hanging over the U.K. property market showed no signs of letting up in March, with real-estate agents expecting house prices in London and southeast England to continue falling for another year
    • Hoping for the best and preparing for the worst aren’t mere words when it comes to Brexit, according to Bank of England Governor Mark Carney
  • The International Monetary Fund warned of “dangerous” consequences for the U.S. economy if moves such as President Donald Trump’s calls for Federal Reserve interest-rate accommodation lead to monetary policy mistakes
    • Meanwhile, the Fed is trying to show it remains nimble, though the mix of risks means they could stay on hold for all of 2019; U.S. core inflation was surprisingly slow in March
  • Middle-class life is increasingly unfair, expensive and uncertain, according to the OECD
  • There are signs that Chinese stimulus is filtering through to the property market in a critical move for the economy
  • Weak power orders in India are an ominous sign for the broader demand outlook
  • Finally: This Vietnamese factory is winning the U.S.-China trade war. Read the story here and listen to the latest episode of our Stephanomics podcast to hear the detailed account

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, Zoe Schneeweiss

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