U.S. Jobs, Iran Can’t Afford Escalation, Brexit Costs: Eco Day

(Bloomberg) --

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

• The final U.S. jobs report for 2019 is projected to show payrolls growth capped the year with a gain almost exactly in line with the average of the decade-long economic expansion, and continuing to moderate from the 2018 pace
  • Here’s what Bloomberg Economics expects
• Canadian jobs data are poised to reveal just how weak the economy is
• The U.S. and China are finalizing a bevy of long-running corporate deals ahead of a high-profile ceremony to sign a trade deal that the world’s largest economies seek to cast as a major breakthrough
• The odds on a Bank of England interest-rate cut are rising after dovish comments from policy maker Silvana Tenreyro. They came a day after Governor Mark Carney said officials are debating whether to add more stimulus
• The U.K.’s lackluster growth relative to its peers suggests Brexit has cost the economy 130 billion pounds ($170 billion) since the 2016 referendum, according to calculations by Bloomberg Economics. And the number is going to keep getting bigger
• Iran’s economy has been squeezed by U.S. sanctions, suggesting it can’t afford further military escalation
• Finally, here’s the collection of this week’s analysis, scoops and enterprise from Bloomberg Economics on the fallout

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net

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