U.K. Recovery Aid, China Slowdown, U.S. Inflation Risks: Eco Day
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Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.
- The fiscal and monetary double act that got the U.K. through the pandemic is coming to an end, leaving Rishi Sunak to go it alone with dwindling resources to bolster the recovery
- China’s economy risks slowing faster than global investors realize, while authorities sought to allay concerns about the economy’s slowdown with a lengthy state media commentary
- Treasury Secretary Janet Yellen said she expects price increases to remain high through the first half of 2022, but rejected criticism that the U.S. risks losing control of inflation
- Germany’s guessing game on who will succeed Jens Weidmannas Bundesbank chief could last longer than usual as talks begin on forming an unprecedented coalition
- The prospect that Europe’s surging inflation could stoke pay is being put to the test in the region’s largest economy, Germany
- Traders believe the Fed will hike rates twice in 2022. But economists see liftoff in 2023. Who’s right? Bloomberg Economics takes a look
- Growth data on both sides of the Atlantic will reveal the impact of a multitude of headwinds that hit the U.S. and are coming Europe’s way
- Turkey’s lira fell to a record as the country’s latest diplomatic spat gave traders another reason to sell the struggling currency -- already under pressure following a larger-than-expected rate cut
- The finance industry is ratcheting up pressure on Hong Kong to ease its strict quarantine rules and abandon its zero-Covid policy
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