(Bloomberg) -- Welcome to Monday, Americas. Here's the latest news and analysis from Bloomberg Economics to help get your day started:
- Federal Reserve Chairman Jerome Powell said the central bank will be watching retail sales data, due Monday, for signs that American consumer spending bounced back from a surprisingly weak end to 2018
- Speaking in a in an interview that aired Sunday on CBS News “60 Minutes,” Powell also said that Fed policy is appropriate and he's in no hurry to change it
- President Donald Trump will propose a U.S. budget that wouldn't balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress
- The global economy's sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics's Dan Hanson and Tom Orlik
- Turkey fell into its first recession in a decade. Bloomberg's Economics's Ziad Daoud says this means the conditions are now set for monetary easing
- For German industry, there's no shelter from the brewing economic storm as global risks threaten to choke off Europe's growth engine
- Thirty years after communist regimes collapsed in eastern Europe, economic growth is at risk from a dearth of cash to nurture innovation
- Finally, here's a look at what broke oil-rich Venezuela's economy, and what can be done to fix it
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Brian Swint
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