IMF Cuts Forecasts, Italian Appeal, U.S.'s Yuan Concern: Eco Day
(Bloomberg) -- Good morning, Americas. Here’s the latest news from Bloomberg Economics to help get your Tuesday started
- The IMF cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets
- Italian Finance Minister Giovanni Tria has appealed for calm amid a war of words between the government and European Union authorities over Rome’s spending program for the coming year.
- The Trump administration is concerned about the yuan’s depreciation as the Treasury Department weighs whether to name China a currency manipulator in a report due out next week
- The U.S. shouldn’t believe that ever higher tariffs can induce China’s government to capitulate to American demands in the escalating trade dispute between the world’s biggest economies, according to Chinese Commerce Minister Zhong Shan
- The Bank of Japan’s next policy move is more likely to be ending its negative interest rate than widening the trading range for benchmark bond yields, a former official said
- 2018 is reminding Morgan Stanley of 1987. Here’s the history lesson for traders
- Turkey’s inflation police are guarding what’s left on the nation’s price stability
- U.K. workers will have to wait until the end of the century to see real wages doubling if the current pace of pay growth continues, according to the Resolution Foundation
- In more bad news for the nation’s workers, only 61 percent of 25 to 34-year-olds can afford to buy the cheapest home in their area, while the figure drops to just 35 percent in London
- The new era of free trade leaves Mexico more isolated and more dependent on the U.S., Daniel Moss writes for Bloomberg Opinion
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