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Trump's Growth Boost, Canada Heats Up, London Housing: Eco Day

Trump's Growth Boost, Canada Heats Up, London Housing: Eco Day

(Bloomberg) -- Good morning Americas. Here’s the latest news from Bloomberg Economics to help get your Tuesday started:

  • The U.S. economy is poised for its best back-to-back quarters of growth since 2014, handing President Donald Trump a $20 trillion talking point just in time for the midterm congressional elections.
  • For the first time in a decade, Canada’s policy makers are worrying the economy is running too hot instead of too cold.
  • London’s housing market is in bad shape -- possibly even worse than it looks on paper
  • The pound’s inevitable sharp move on the final Brexit outcome will have big implications for Bank of England policy.
  • China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment.
  • Indonesia’s central bank left its benchmark interest rate unchanged on Tuesday, opting to save some of its policy ammunition after five hikes since May helped to stabilize the currency.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Joanna Ossinger

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