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This Article is From Jun 03, 2019

Tariff Recession, Fed's Pat on the Back, ECB's Big Week: Eco Day

(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.

Welcome to Monday, Europe. Here's the latest news and analysis from Bloomberg Economics to help get your day started:

  • A recession could begin in nine months if President Donald Trump pushes to impose 25% tariffs on additional $300 billion of Chinese imports and China retaliates, Morgan Stanley says. Meanwhile, the impact of Trump's tariff hike on Chinese imports is beginning to ripple through supply chains
  • Fed officials might have good reason to pat themselves on the back when they gather in Chicago this week -- instead, they'll be taking a second look at everything they do. Here's why the Fed's rethinking its toolkit
  • Philip Lane is starting his first week as the European Central Bank's top economist -- and it's a big one
  • Here are the most interesting points in China's White Paper on trade released Sunday
  • The world's most enduring growth story is beginning to wobble
  • Central banks may soon be back saving the world economy beset by an escalating trade war
  • Trump contradicted two of his top aides, saying Sunday that “companies and jobs” returning to the U.S. would be a key outcome from his decision to impose import tariffs on goods coming from Mexico
  • Russian President Vladimir Putin's own government doesn't believe his ambitious campaign pledges to improve living standards are attainable
  • Closely watched gauges of factory sentiment across Asia showed ongoing weakness, led by another swoon lower in the region's export powerhouses of Japan and South Korea.

--With assistance from Enda Curran.

To contact Bloomberg News staff for this story: Jeffrey Black in Hong Kong at jblack25@bloomberg.net

To contact the editor responsible for this story: Jeffrey Black at jblack25@bloomberg.net

©2019 Bloomberg L.P.

With assistance from Bloomberg

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