Global Economy Wobbles, Fed Pause Talk, Currency Crunch: Eco Day
(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- High in the Alps, the world’s business and policy elite will be feeling low about the world’s economic outlook, one that suggests major central banks’ window to restock monetary ammunition is closing
- New York Fed chief John Williams has further asserted that policy has entered an extended pause, argues Carl Riccadonna, who forecasts it lasting through at least midyear. Indeed, recession fears are increasingly popping up in corporate America
- A surge in the baht is adding to the challenges facing Thailand’s trade-dependent economy this year, while over in Vietnam the prime minister says he won’t devalue the dong to boost exports
- Japanese Prime Minister Shinzo Abe should scrap a plan to raise sales tax as the economy struggles with subdued inflation and tepid growth, according to Allen Sinai, president of Decision Economics Inc.
- Italy’s populist government is facing renewed criticism after new signs of an economic slowdown fueled speculation that additional measures would be needed to spur growth and contain the deficit
- The operation of the World Trade Organization may soon stall because of U.S. delays in appointing new judges, according to Canada’s trade minister
©2019 Bloomberg L.P.