China Fights Growth Worry, Brexit Delay, Bank of Korea: Eco Day

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

  • What to expect from today’s European Central Bank rate decision
  • China’s vice president used his Davos speech to rebut President Donald Trump and to reassure on China’s growth path
  • Deal or no deal. We’re not as likely to see a no-deal Brexit as momentum is building for an extension in talks, but economists see a push to the deadline as worse for the U.K. economy than the deal on the table
  • Goose egg. The White House sees a potential zero-growth quarter if the shutdown lasts through March
  • On hold. The Bank of Korea kept interest rates unchanged, while Malaysia’s central bank probably will hold in a decision Thursday afternoon in Kuala Lumpur
  • Quieter orders. Japan’s manufacturing activity stalled in January, adding to fears of a global factory slowdown
  • Growth miss. The Philippine economy expanded at a slower rate than expected in the final months of 2018

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