Factory Crisis, Robots Hurt Wages, Trade War Impact: Eco Day
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- The global economy flashed louder warning signs on Tuesday as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding
- Automation has “contributed substantially” to reducing the portion of national income that goes to U.S. workers over the past two decades, according to a new study by economists at the Federal Reserve Bank of San Francisco.
- Businesses across America are straining to cope with import taxes and protectionism under the Trump administration
- Shinzo Abe is taking a big gamble on his political legacy as the economy is set to tackle a big consumption tax hike
- Turkey’s president is giving analysts a bit of whiplash with an economic vision that rests on a mixed bag of numbers
- In another sign of trade stresses, South Korea’s consumer prices fell for the first time in records dating back a half-century
- Finally, here’s how capital controls and sky-high rates are crushing Argentina’s housing market
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