U.K. Childcare Issues, South African Banks, GDP Tracker: Eco Day
(Bloomberg) -- Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.
- The U.K. government’s plan to get people back to work to fuel the economic recovery is under threat from a rising childcare problem
- Europe’s east can find some consolation despite the unprecedented economic damage wrought by Covid-19
- Europe’s initial reaction to the U.S.’s latest tariff move in the Airbus dispute is a mix of disappointment and mild relief that it wasn’t much worse
- South Africa’s moribund economy is dealing a hammer blow to the country’s banks, which are facing profit declines of as much as 85%
- Bloomberg Economics’ GDP tracker suggests global growth picked up further in July. Most economies appear to have gained from the relaxation of containment measures, says Dan Hanson
- China’s economic recovery continued in July with industrial growth remaining steady, even as weak retail sales undercut the rebound
- Japan’s pandemic-hit economy shrank last quarter by the most in records going back to 1955, official data is set to show, with a resurgence of the virus threatening to slow a fragile recovery
- Malaysia’s economy contracted by the most since the Asian financial crisis more than two decades ago, with the central bank downgrading its outlook for this year sharply
- The Federal Reserve is conducting experiments with a hypothetical digital dollar for research purposes, though it hasn’t yet committed to issuance that would require a formal policy process involving the government and other stakeholders, Governor Lael Brainard said Thursday
©2020 Bloomberg L.P.