China’s Trade Advantage, BOE Hopeful, German Recession: Eco Day

(Bloomberg) --

Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• There’s no winner in a U.S.-China trade war. What matters for the is who loses least. Bloomberg Economics’ analysis of 700,000 trade data points shows that, in one important respect, the U.S. is the biggest loser
• Andy Haldane has spent 30 years working at the Bank of England, yet he may boast the greatest outside perspective of anybody running to become its next governor
  • Meanwhile, Prime Minister Boris Johnson moved to suspend parliament raising the risk of a no-deal Brexit
• German output will probably shrink by 0.2% in the third quarter, putting Europe’s largest economy into recession, according to the DIW economic institute
• French President Emmanuel Macron has proposed Bank of France Deputy Governor Sylvie Goulard as the country’s candidate for the post of EU commissioner
• Iceland cut rates for a third time, while Israel is predicted to hold
• The dollar has been ascendant in 2019 and forecasts for a U.S. recession are growing louder. If the greenback’s strength keeps up and the economy does shrink, that could make it harder to recover

To contact the reporter on this story: Eddie Spence in London at espence11@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

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