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Black Friday, Trade-War Profiteering, Euro-Area Blow: Eco Day
Black Friday, Trade-War Profiteering, Euro-Area Blow: Eco Day
23 Nov 2018, 05:44 PM IST
(Bloomberg) -- Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to take you into the weekend:
- U.S. President Donald Trump and China’s Xi Jinping have indicated they’re both ready for a highly anticipated meeting at the G20 summit in Argentina next week
- It’s Black Friday -- retailers’ favorite time of year. Follow our coverage here
- The euro-area economy stumbled again this month, with a key indicator falling to the lowest in four years, denting expectations for an economic pickup after a summer slowdown
- The weakness of underlying euro-zone inflation will continue until well beyond next year, according to Goldman Sachs
- The European Central Bank is sounding an alarm for Italy to rein in its expansive budget or risk real long-term damage, and sees “uncertainties and fragilities” ahead
- The Bank of England may need to increase interest rates at a quicker pace than currently envisaged by markets, according to policy maker Michael Saunders
- The South African Reserve Bank will aim to keep its policy rate on hold next year to support a recovery in economic growth. But this goal may be thwarted by tighter global financial conditions
- Nigeria’s base interest rate is becoming more and more irrelevant
- China says it won’t allow reform of the World Trade Organization to include stripping it of its status as a developing nation, a move that would challenge its state-led development model
- There are fresh signs that Taiwan is benefiting from the U.S.-China trade war as officials attribute a jump in industrial production partly to technology companies shifting production back to the island economy
- Week in review: Here’s all that you might have missed in the global economy, in our weekly roundup
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Emma Haslett
©2018 Bloomberg L.P.
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