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

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, Chris Bourke

©2018 Bloomberg L.P.