Virus Impact, European Slowdown, Tracking World Trade: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to send you into the weekend:

  • The outbreak of the coronavirus will cut U.S. economic growth by 0.4 percentage point in the first quarter as the number of tourists from China declines and exports to the Asian nation slows, according to Goldman Sachs
  • The first official indicator of the Chinese economy in 2020 signaled the nation’s factories were struggling even before the country shut down for the Lunar New Year holidays and the coronavirus outbreak worsened

    • The pandemic could take China’s first-quarter GDP growth down to 4.5%, the weakest since quarterly data began in 1992, writes Bloomberg Economics’ Chang Shu. Tom Orlik wraps potential repercussions for the mainland and across the globe
  • The euro-area economy barely grew at the end of 2019 as unexpected contractions in France and Italy dealt the bloc its weakest quarter in almost seven years
  • What’s the outlook for trade this year? We’ve tracked some key gauges that speak to the health of global trade and where things are headed
  • While Jens Weidmann’s colleagues at the European Central Bank have been eagerly airing views on the policy review that will occupy them this year, the Bundesbank president has been conspicuously quiet
  • The U.K. financial watchdog is examining the spike in the British pound that occurred about 15 seconds before Thursday’s Bank of England’s interest-rate decision
    • Meanwhile, a report Friday showed Britons are more optimistic about their personal financial situation after Boris Johnson’s election win. Separate data indicated mortgage approvals climbed to the highest level in 2 ½ years last month
  • Finally, here’s our collection of this week’s analysis, scoops and enterprise from Bloomberg Economics

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