Asia’s Pain, Bank of Canada Race, Johnson’s Boost: Eco Day
Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend:
- While shortages of goods and food triggered by the coronavirus outbreak had raised the specter of faster inflation across Asia in coming months, the short-term spike is expected to be overwhelmed by slowing economic growth
- Economists are declaring it’s a two-way race to succeed Stephen Poloz as governor of the Bank of Canada, with the central bank’s No. 2 and BlackRock Inc.’s head of research vying for the role.
- U.K. Prime Minister Boris Johnson sailed through his new government’s first economic health check as he prepares to lead the nation through a potentially bumpy Brexit transition
- There was better news in the euro zone too, as economic activity unexpectedly accelerated at the fastest pace in six months in February, with services proving resilient as factories battled challenges including the coronavirus outbreak
- Governments across the world are starting to use more fiscal firepower to boost economies, though the shift may not be happening fast enough for appease central bankers. Tom Orlik says G-20 finance chiefs confront a dreary and deteriorating picture on global growth that raises two questions
- The Swiss National Bank appears to be content for now to allow the franc to drift higher, with little evidence that it’s getting into a dogfight with markets. Here’s one reason why
- Finally, here’s our collection of this week’s analysis, scoops and enterprise from Bloomberg Economics