Brexit Paths, IMF Urges German Spending, Poland Rates: Eco Day

(Bloomberg) --

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

• Where does Brexit go next? What can Boris Johnson do? Only a fool would offer a prediction, but here are some possible paths
• Who’s who. After weeks of anticipation, incoming European Commission President Ursula von der Leyen finally unveiled her new team
• Act fast. The International Monetary Fund said Germany shouldn’t wait for an economic shock before boosting public investment; yet, Germany might not be the most fiscally frugal in Europe -- look at Sweden
• Stand pat. Not even a surge in inflation and government plan to hike wages will steer Poland’s central bank away from a promise to keep borrowing costs unchanged for another year
• Who dares wins. President Recep Tayyip Erdogan is daring Turkey’s new central bank chief to think differently on interest rates
• Blame millennials. India’s auto boom is going bust on the worst sales in decades; the country’s finance minister said the millennials’ preference for ride-hailing services such as Uber and Ola over owning cars, and not high taxes, is among reasons behind slumping vehicle sales
• Look no further. Japan is trying to learn the lessons from its 2014 sales tax shock
• Changing orientation. Serbia’s plan to join a Russian-led economic union is drawing ire from the European Union, which the Balkan nation says it wants to be a part of

To contact the reporter on this story: Jiyeun Lee in Hong Kong at jlee1029@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Karthikeyan Sundaram, Tuhin Kar

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