Trump's Complaints, Singapore's Warning, Weaker Dollar: Eco Day

(Bloomberg) --

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

• Donald Trump complained that China hasn’t increased its purchases of U.S. farm products, a promise he said he secured at a meeting with Xi Jinping at the Group of 20 summit
• An unexpected contraction in Singapore’s economy in the second quarter sent a warning shot to the world economy as simmering trade tensions wilt business confidence and activity
• The most accurate currency forecasters see the dollar weakening this year and the euro benefiting, as the U.S. looks set to outpace Europe in monetary policy easing
• Poland’s central bank is adamant that this year’s steep pickup in inflation is nothing to worry about
• Yelena Shulyatyeva explains why a slowdown in business investment isn’t going to trigger a U.S. recession
• China’s slowing economy and clogged policy transmission are adding to the urgency of a reform of the country’s interest rates in order to lower borrowing costs. Credit and trade data are due later Friday

To contact Bloomberg News staff for this story: Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, Karthikeyan Sundaram

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With assistance from Bloomberg