Stuck in Global Rut, Inequality Capital, China Optimism: Eco Day

(Bloomberg) -- Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:

• The global economy is stuck in a rut that it won’t exit unless governments revolutionize policies and how they invest, rather than just hoping for a cyclical upswing
• Atlanta is the capital of U.S. inequality for the second year in a row, with average income for the top 5% of households exceeding $663,000 while families in the bottom half earned less than $65,000 -- a ratio of 10.2 to 1
• China’s chief trade negotiator indicated he was “cautiously optimistic” about reaching a phase one deal with the U.S.
• The world economy wasn’t as bad as it seemed in August, but may not be as good as it seems now, argues Peter Coy
• Our dashboard gauging the People’s Bank of China’s stance continues to signal the need for monetary accommodation, writes David Qu
• Mario Draghi’s tenure as ECB president ended with an impassioned plea that policy makers stop airing differences in public and display a united front in the fight to revive inflation
• Indonesia left its key interest rate unchanged while pumping more liquidity into the financial system to stimulate the economy
• Globalization isn’t so scary for Europeans anymore, according to the latest edition of Terms of Trade
• In the case of China, this chart shows commodities deflation bears watching
• Brazil is drawing up plans to curtail a surge in deforestation of the Amazon rainforest that’s provoked an international outcry

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Jason Clenfield

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