China's Economy Slows, ECB Liftoff, U.K. Budget Boost: Eco Day
(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help round off your week:
- China’s economy slowed more than expected in the third quarter as domestic and international risks weighed on growth.
- Meanwhile, the country’s top financial officials moved to shore up confidence in the tumbling stock market, marshaling a rare show of coordinated verbal intervention as the government tries to prevent a $3 trillion equity rout from infecting the world’s second-largest economy
- The European Central Bank will end its negative interest-rate policy in January 2020 after first lifting interest rates later next year, according to a Bloomberg survey.
- U.K. Chancellor of the Exchequer Philip Hammond got a pre-budget boost Friday, as a report showed he remains on course to significantly undershoot his borrowing forecasts this year, giving him leeway to relax his grip on spending.
- Here’s why President Donald Trump is stopping the booming U.S. economy from helping Republicans trying to hold on to seats in Congress.
- A Federal Reserve Bank of New York gauge puts the chances of a U.S. downturn at 14.5 percent a year from now, far more optimistic than a JPMorgan Chase & Co. model
- Meanwhile, here’s a theory that has some U.S. politicians thinking big
- Finally, catch up on this week’s events with our guide to what’s happened in the world economy in the past five days, and why it matters.
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