Summit Deals, Healing Chinese Economy, Inflation Woes: Eco Day

(Bloomberg) -- Welcome to Wednesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • The global economy and markets are digesting developments out of the U.K., as Prime Minister May flagged a possible delay to avoid a no-deal Brexit, and from Vietnam, where business deals are being drawn on the sidelines of the second Trump-Kim summit
  • On the mend. China’s economy is showing signs of recovery according to early indicators tracked by Bloomberg Economics, and Goldman Sachs says the global economy already has hit bottom
  • British worry. U.K. employers are less optimistic than at any point since the Brexit referendum, according to a new report
    • Business leaders in Germany’s heartland are moving ahead with preparations to pass the pain on to British customers
  • Ticking clock. Greece’s foot-dragging on some key economic reforms is raising creditor concern, putting at risk a planned debt relief measure next month and a rebound in its stock and bond markets
  • Feeling optimistic. Federal Reserve chief Jerome Powell delivered an upbeat review of the U.S. economy to Congress, and American consumer confidence jumped in February as the U.S. government re-opened after its longest shutdown in history
  • Combating aging. Japan’s new guest worker program is set to grant five-year residency permits to 345,000 low-skilled workers
  • Price problems. Slowing inflation is making it harder for Argentina to compromise a tight monetary policy and a faster rollback of subsidies

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