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

(Bloomberg) -- 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
  • Biden’s inauguration will be a welcome event for the car industry
  • Bloomberg Economics takes a look at how President-elect Joe Biden could reshape U.S.-China ties. In the economists’ guide to 2050, China is seen as having won the Cold War
  • China’s factory chiefs are wary of the U.S. market even after the Biden victory
• 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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