China-U.S. Meeting Muddle, Inflation Wisdom, ECB Split: Eco Day

(Bloomberg) --

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

• Chinese and U.S. officials are struggling to agree on the schedule for a planned meeting this month to continue trade talks after Washington rejected Beijing’s request to delay tariffs that took effect over the weekend
  • Bloomberg Economics lowers its projections for China’s annual GDP growth, following the implementation of additional U.S. tariffs
• Goldman Sachs Group Inc. economists are questioning the conventional wisdom that the global economy is suffering from a bout of slowing inflation
• Bank of England Governor Mark Carney is running out of opportunities to warn lawmakers just how much a no-deal Brexit will harm the economy. He’s due to appear before the Treasury Committee Wednesday
  • U.K. retail suffered another lethargic month in August with sales on everything but food declining
  • The contraction in the U.K. construction industry gathered pace in August as increased political uncertainty saw new orders fall at fastest pace in more than ten years
• Bank of France Governor Francois Villeroy de Galhau, monetary chief for the euro zone’s second-largest economy, has yet to say whether he thinks the bloc needs a major package including an interest-rate cut and the restart of quantitative easing
• The pieces are falling into place for Turkey’s central bank to follow its record interest-rate cut with more monetary easing as inflation heads for lows not seen since last year’s currency crash
• South Africa averted a second recession in as many years after economic growth rebounded in the second quarter, led by recovery in mining industry and growth in finance

To contact the reporter on this story: Eddie Spence in London at espence11@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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