(Bloomberg) -- Welcome to Thursday, Asia. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- Beyond Hong Kong's current political turmoil, a long list of economic problems await the city's current and future rulers
- China's economic expansion probably slowed further in the third quarter, weighed down by the trade war and government efforts to pivot growth from over-reliance on investment and debt
- The International Monetary Fund warned that global economic risks have risen as central banks reduce borrowing costs and that stronger oversight is needed
- The Reserve Bank's No. 2 official warned that much of the downturn in Australia's construction industry was yet to play out, and signaled house prices will likely rise as a result
- The U.S. economy expanded at a “slight to modest pace” in recent weeks, representing a mild downgrade by the Federal Reserve in its latest report card of the country's economic health
- European Central Bank policy makers urged governments and their own institution to consider changing strategy after years of monetary stimulus combined with fiscal restraint left the euro zone still stuck with feeble growth and inflation
- Meantime, ECB policy maker Jens Weidmann took an unsubtle swipe at U.S. President Donald Trump's trade strategy
To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net
To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Peter Vercoe
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