ECB Firepower, U.S.-China Dates, Limping Global Economy: Eco Day

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

• The ECB’s latest stimulus probably will leave investors in the dark for months on how potent it truly is
• Deal or no deal. The risk of President Donald Trump walking out on President Xi Jinping is a worry for China as the two sides seek to close some sort of trade agreement
• Glum outlook. Japanese manufacturers are eyeing business conditions that they report are the worst in almost three years
• The worst of it. The global economy’s in its weakest shape since the financial crisis a decade ago, Bloomberg Economics analysis shows
• Hidden debt. China is focusing on off-book funding owed by local governments to ensure solvency of provinces and cities amid falling tax revenues
• MMT buzz. The latest economic theory to gain traction -- and controversy -- actually has quite a long history

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, Karthikeyan Sundaram, Ashutosh Joshi

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