G-7 Repercussions, Central Bank Bets, U.K. Factory Woes: Eco Day

(Bloomberg) -- Happy Monday, Americas. Here’s news and analysis from Bloomberg Economics to help get your day started:

• The G-7 fallout continues after President Donald Trump broadsided his allies and disavowed a joint statement the U.S. had agreed to. Trump’s trade adviser blamed Canada for the failure to finalize a reboot of the North American Free Trade Agreement
• The tensions come in what could be the world economy’s most important week of the year
  • With the Federal Reserve expected to hike, analysts were unanimous in forecasting that the Bank of Japan will leave its monetary policy unchanged at this week’s meeting
  • Economists also reckon Mario Draghi is ready to end the European Central Bank’s bond-buying program even if he puts off the decision for one more policy meeting
• There’s more to the U.S. inflation outlook than just your pricier cup of Starbucks
• Goldman economists say Brazil will lift the World Cup trophy for the sixth time
• The Bank of England’s week of crucial economic data has started on the wrong foot with manufacturing output falling the most in 5 1/2 years
• If you missed it, Switzerland dismissed a proposal to radically change the way banks lend money, a victory for the financial establishment

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net

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