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Trump’s Promise, More Trade Talks, May’s U.K. Legacy: Eco Day

Trump’s Promise, More Trade Talks, May’s U.K. Legacy: Eco Day

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

  • President Donald Trump said he was “very happy” with the trade war and that China wouldn’t become the world’s top superpower under his watch
    • The trade war will continue to dominate the world economy’s headlines this week as Trump and President Xi Jinping go toe to toe
    • Meanwhile, our economists are revising down their forecasts for China’s growth for 2019 and 2020
  • Staying on trade, the U.S., European Union and Japan are pushing for an agreement on measures to curb state-support of industries with the goal of eventually limiting how much China backs its private companies, according to people familiar with the negotiations
  • Germany’s economic rebound at the start of the year was largely due to one-off factors and the underlying trend remains weak, according to the Bundesbank
  • Theresa May’s economic legacy is dominated by the same thing that consumed her turbulent premiership: getting Britain out of the EU
    • All but two of London’s 32 boroughs have seen house asking prices drop as Brexit uncertainty continues to bite in the capital
  • Central banks in sub-Saharan Africa’s largest economies could start diverging on policy when they make interest-rate calls in the next two weeks after oil prices pushed up inflation
  • Israel’s second interest-rate increase since 2011 is unlikely to be on the table when the monetary committee meets today after inflation decelerated for the first time this year

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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