ECB Stimulus Debate, Global Debt Boom, China’s FDI Gain: Eco Day

(Bloomberg) --

Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started and send you into the weekend:

  • The European Central Bank awkwardly has to hope for a rise in German unemployment to convince the relatively penny-pinching economy to unveil a major fiscal stimulus boost
  • Pause ahead. Meanwhile, a pair of ECB officials hinted that any further stimulus would be on hold as the policy makers mull the bigger-picture strategy
  • Sweden’s central bank has lambasted the country’s statistics agency after it emerged that months of jobless data were riddled with errors, potentially hampering policy decisions
  • Piling IOUs. Global debt has surged past $250 trillion, the Institute of International Finance calculated, with the U.S. and China leading the way
  • Can’t resist. Looking past tweets from President Donald Trump, foreign firms have ramped up investment in China to expand operations in the world’s second-biggest economy
  • Signs of strength. There’s no reason to think that recession probability “is at all elevated,” Federal Reserve chief Jerome Powell told Congress of the U.S. economy
  • Charging growth. Drawing lessons from Alan Greenspan, Bank of Canada Governor Stephen Poloz argued for the powerful impact technology can have on potential growth
  • Recession watch. For Hong Kong, the downturn already is real, with Bloomberg Economics tracking key gauges showing the economic strain amid increasingly violent protests
  • Film meets reality. A new Korean comedy-thriller that speaks to resentment over income inequality is making waves in the U.S. and worldwide

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