World Economy's Bumpy Week, BOE Forecasts, ECB Pause: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news from Bloomberg Economics to help round off your week:

• It’s been a busy week for the world economy, so here’s a run down of everything you need to know, from the IMF’s forecast cuts to Donald Trump’s central-bank outbursts
• The Bank of England’s Brexit assumptions are looking increasingly doubtful as the clock ticks down to the U.K.’s departure date
• The European Central Bank should take time to see if the euro-area economy can overcome global stresses, according to council member Klaas Knot, who said he wants no new policy signals for months to come
• Meanwhile, Sweden’s Riksbank may be closer than ever to raising interest rates for the first time in seven years
• The Italian parliament voted in favor of the populist government’s fiscal outline, including a higher deficit target for 2019 which has unsettled markets and been sharply criticized by the European Union
  • In comments likely aimed at Italy, ECB Executive Board member Sabine Lautenschlaeger the central bank isn’t allowed to finance governments and mustn’t provide liquidity to insolvent banks
• Trump said the Fed was "so tight" -- but here’s why the central bank actually still looks pretty loose
• The U.S. Treasury has advised Secretary Steven Mnuchin that China isn’t manipulating the yuan as the Trump administration prepares to issue its report on foreign currencies, say people familiar with the matter
• Tom Orlik discusses how the global swing from quantitative easing to tightening -- set to begin in earnest in October -- promises to be nowhere near as dull as expected

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, Joanna Ossinger

©2018 Bloomberg L.P.