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Stuck in Global Rut, Inequality Capital, China Optimism: Eco Day

Michael Heath

(Bloomberg) -- Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:

The global economy is stuck in a rut that it won’t exit unless governments revolutionize policies and how they invest, rather than just hoping for a cyclical upswingAtlanta is the capital of U.S. inequality for the second year in a row, with average income for the top 5% of households exceeding $663,000 while families in the bottom half earned less than $65,000 -- a ratio of 10.2 to 1China’s chief trade negotiator indicated he was “cautiously optimistic” about reaching a phase one deal with the U.S.The world economy wasn’t as bad as it seemed in August, but may not be as good as it seems now, argues Peter CoyOur dashboard gauging the People’s Bank of China’s stance continues to signal the need for monetary accommodation, writes David QuMario Draghi’s tenure as ECB president ended with an impassioned plea that policy makers stop airing differences in public and display a united front in the fight to revive inflationIndonesia left its key interest rate unchanged while pumping more liquidity into the financial system to stimulate the economyGlobalization isn’t so scary for Europeans anymore, according to the latest edition of Terms of TradeIn the case of China, this chart shows commodities deflation bears watchingBrazil is drawing up plans to curtail a surge in deforestation of the Amazon rainforest that’s provoked an international outcry

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Jason Clenfield

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