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This Article is From Oct 24, 2019

2020 Outlook, Draghi’s Final Decision, Swedish Clarity: Eco Day

(Bloomberg) --

Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:

  • With U.S. help, global growth in 2020 may be up from dismal 2019. But risks abound, and trade tensions remain the big negative
    • If the U.S. economy manages to sustain its record-breaking expansion into 2020, it will be because U.S. consumers didn't lose their nerve despite all the talk of recession
  • Mario Draghi is about to unveil his final policy decision as European Central Bank president. His farewell press conference will follow later today
    • The new President Christine Lagarde and the nomination of Isabel Schnabel offer the bank and Germany an opportunity to repair their fractured relationship
    • Elsewhere in central banks, Sweden's Riksbank made clear it wants to put an end to half a decade of negative interest rates, as it breaks away from the monetary orthodoxy of the day
      • Norway's central bank reiterated its view that interest rates will remain at the current level in the “coming period,” but said that an historically weak krone poses an inflation risk
      • Turkey delivered another interest-rate cut that exceeded forecasts
      • Ukraine forged ahead with interest-rate cuts, delivering a bigger-than-expected reduction
      • Indonesia cut its key interest rate for a fourth straight month
      • Asia is bracing for the U.S. Treasury's report on currency manipulators
      • China leapfrogged France in the World Bank's annual rankings for ease of doing business
      • Finally, listen to our latest Stephanomics Podcast here
      • 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, Zoe Schneeweiss

        ©2019 Bloomberg L.P.

        Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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