Rethinking Trade Policy, Manhattan Freebies, China Wins: Eco Day

Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Just eight months after they swung into action to avert a crippling depression and credit crunch, central banks are in the uncomfortable position of relying on governments to power fragile economic rebounds
    • Fed Chair Jerome Powell, ECB President Christine Lagarde and BOE Governor Andrew Bailey will be addressing the ECB’s annual forum later on Thursday. Terminal clients can watch here
  • President-elect Joe Biden may take months to decide what to throw out from Donald Trump’s playbook on trade. But he may keep a lot and use some of Trump’s aggressive actions as leverage
  • Manhattan apartment leasing rose for the first time in more than a year as an avalanche of discounts and freebies became too attractive for renters to ignore
  • Two of the world’s major economies, the U.S. and the U.K., moved this week to make climate change-related risk disclosures the norm
  • The U.K. economy expanded the most on record in the third quarter, a rebound that still leaves Britain’s recovery trailing behind the world’s major industrialized nations
  • Thanks to the pandemic, the largest group of young adults in the world may not do better than their parents. Catch up on this week’s Stephanomics podcast

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