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Europe Girds for Worse, Productivity Plunges, Trump-Xi: Eco Day

Michael Heath

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

Germany is sticking to its stance that Europe’s economic engine will pull through its current trough without a spending jolt, countering increasingly dire warnings from the IMF. Meantime, ECB official Robert Holzmann signaled that monetary policy has reached its limit, arguing it’s time for fiscal stimulusProductivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated. The culprit appears to have been gig economy workers, writes Carl RiccadonnaPresidents Donald Trump and Xi Jinping may not be able to sign a partial trade deal until December, and two U.S. locations have been ruled out for their highly anticipated meetingHong Kong’s leaders are trying to prop up the deteriorating economy with fiscal spending. The problem is they’re doing it on the cheapU.S. recession chances have inched down to 26% within the next 12 months, and Chicago Fed chief Charles Evans reckons the three interest-rate cuts this year have left the economy in a good placeScott Johnson says his scorecard suggests Argentina and Turkey are most vulnerable to disruption in 2020, with South Africa and Colombia not far behindU.K. budget officials are set to deliver a warning shot to politicians on Thursday amid fears that the campaign for the Dec. 12 general election could turn into an arms race of tax and spending promisesAustralia’s property market is taking off again, but with few positive economic spillovers. Just look at the earnings report of the nation’s largest building materials firmIndia announced a 250 billion-rupee ($3.5 billion) fund to salvage stalled residential projects in a bid to reverse slowing growth K-Pop’s dark side: assault, prostitution, suicide, and spycams

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