ECB Warns on Italy, Brexit Options, South Africa Hikes: Eco Day

(Bloomberg) -- Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to take you into the weekend:

  • U.S. President Donald Trump and China’s Xi Jinping have indicated they’re both ready for a highly anticipated meeting at the G20 summit in Argentina next week
  • The European Central Bank is sounding an alarm for Italy to rein in its expansive budget or risk real long-term damage, and sees “uncertainties and fragilities” ahead
  • It ain’t over. Almost everyone agrees that Theresa May will probably lose the vote in Parliament on her Brexit plan -- what happens next is far less certain
  • Consumer confidence in the euro area flopped in November to the worst level since March 2017
  • The Bank of England may need to increase interest rates at a quicker pace than currently envisaged by markets, according to policy maker Michael Saunders
  • Coming to America. U.S. Commerce Department forecasts are bullish about visitors to the U.S. in the years to come
  • South African central bankers raised the benchmark interest rate for the first time in two years with inflation risks lurking
  • Week in review: Here’s all that you might have missed in the global economy, in our weekly roundup

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