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Draghi Deja Vu, Harmonious ECB, Asia QE Holdouts: Eco Day

Draghi Deja Vu, Harmonious ECB, Asia QE Holdouts: Eco Day

(Bloomberg) --

Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:

  • Mario Draghi’s reign as European Central Bank president is ending much like that of his predecessor -- with a plea for fiscal coordination to fix a monetary union that’s incomplete without it
  • Bank of England Governor Mark Carney has his hands full no matter how Brexit goes
  • Federal Reserve officials will signal they’re likely to take a break from cutting interest rates after lowering them again next week, according to a majority of economists surveyed by Bloomberg
  • To avoid a recession in the U.S. in 2020, households need to keep spending, peace needs to break out in global trade wars, and investors can’t get spooked — by the U.S. presidential election or anything else, writes Stephanie Flanders
  • A trio of Asian central banks that weathered the global financial crisis without having to resort to unorthodox measures now confront the prospect that they might have little alternative if their economies get any worse
  • U.S. Vice President Mike Pence delivered a long-anticipated critique of Beijing’s human rights record, while calling for greater engagement between the world’s two biggest economies
  • The Bank of Japan is considering refraining from extra stimulus at its October meeting but will look for a fresh way to show its readiness to take action
  • India’s investment and consumption activity weakened in September, putting the economy on course for another quarter of sub-par growth
  • U.S. farmers may return to pre-trade war levels of sales to China in time for the presidential election year, relieving economic pressure on one of Donald Trump’s key political constituencies
  • South Korea is abandoning its developing-nation privileges at the World Trade Organization following allegations by the Trump administration that some countries were taking advantage of the status
  • Finally, here’s a rundown of Bloomberg Economics’s big reads from this week

To contact Bloomberg News staff for this story: Michael Heath in Sydney at mheath1@bloomberg.net;Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, ;Jeffrey Black at jblack25@bloomberg.net, Michael S. Arnold

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With assistance from Bloomberg