Hong Kong Crisis, Singapore Stagnation, Argentina Fears: Eco Day

(Bloomberg) --

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

• Hong Kong’s deepening political crisis now risks becoming an economic one; the island has far more than recession risk to worry about, writes Bloomberg Economics’ Qian Wan
• Singapore’s government cut its forecast for economic growth this year to almost zero; stagnation in the second quarter sets the stage for a recession in the second half, says Bloomberg Economics’ Tamara Henderson
• The Swiss National Bank may have to step up measures to tame the franc and prevent the currency from appreciating to a damaging level
• Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore
• Mario Draghi’s plans for a parting stimulus shot are laced with even more suspense than usual as the prospect of a renewed round of asset purchases is shrouded in uncertainty
• The U.S. fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue

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, Henry Hoenig

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