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This Article is From Feb 03, 2021

Inflation Pockets of Asia, Climate Fail, U.S. Recovery: Eco Day

Pockets of inflation are flickering across parts of Asia and fading in others.

Welcome to Tuesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

  • Pockets of inflation are flickering across parts of Asia and fading in others, impacting central banks' scope to further support economies
  • The world's biggest economies are falling behind on commitments to cut greenhouse gases fast enough to limit global warming
  • The Congressional Budget Office predicted the U.S. economy will recover faster than previously expected as the Treasury slashed its estimated borrowing needs for the three months through March
  • Myanmar's military detained Aung San Suu Kyi, declared a state of emergency for a year and voided her party's landslide victory. Suu Kyi urged the country to resist the move. Here's where things stand
  • Japanese Prime Minister Yoshihide Suga looks set to extend a state of emergency that will inflict more pain on the economy
  • Thailand's household debt, already among the highest in emerging Asia, is expected to rise further as a Covid outbreak curbs incomes
  • A mammoth spending plan of almost $500 billion announced by Indian Prime Minister Narendra Modi's government is expected to jump-start growth in an economy battered by the pandemic
  • President Joe Biden's administration is setting up its trade policy to prioritize enforcement of existing commitments by U.S. partners
  • Here's a wrap of Bloomberg Economics' analysis of global data
  • Truckers are trying to avoid the U.K. as Brexit red tape keeps them waiting to get to the continent
  • Early in the pandemic, some speculated that couples isolated together during lockdowns might produce a year-end baby boom. The opposite occurred
  • A few years ago the English economist and author Noreena Hertz started interviewing right-wing voters in the United Kingdom, France, and the U.S. “What kept coming across, time and time again, was how lonely they felt,” she says

©2021 Bloomberg L.P.

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