Growth in 2019, U.K. Pay, U.S. Firms' Price-Hike Plans: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:

• Despite mounting risks, global growth is set to be strong in 2019, thanks to a boost from the U.S.
• Small U.S. companies confronting higher payroll costs say they’re planning to pass on some of the pain to customers, though they remain optimistic about business conditions.
  • Staying in the U.S., the White House is mulling tariffs on car imports with a claim that it’s a national security issue, while San Francisco Federal Reserve chief Mary Daly sees a potential December interest-rate hike and two in 2019
• A report Tuesday showed U.K. wages are growing at a near 10-year high, backing the Bank of England’s view that there is now no spare capacity in the labor market. Still, unemployment has ticked higher, and productivity growth remained sluggish.
• The same report also showed the number of European Union workers in the U.K. fell by the most on record, intensifying labor shortages as Britain prepares to leave the bloc next year
• German investor confidence edged up this month though there’s little optimism about a strong pickup from the current slowdown.
• Finally, here’s a guide of what to watch in China’s October economic data releases

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Joanna Ossinger

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