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Trusting China, EM Easing, Philippine Volcano Eruption: Eco Day

Michael Heath

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

After three years of tweets and tariffs, President Donald Trump has arrived at his China moment. But Trump still faces the same China conundrum that has plagued his predecessors: Beijing’s failure to follow through on agreementsEmerging market central banks are poised to begin 2020 by loosening monetary policy again, potentially shoring up the world economy as developed nations run out of room to actIt’s peak tourist season in the Philippines, and the volcano erupting just 40 miles from Manila couldn’t come at a worse timeAt first glance, things seem to be getting better for Japanese women. But a deeper look suggests the poverty rate for older women will more than double over the next 40 years, to 25%Troubles at aircraft maker Boeing Co. could trim about half a point from U.S. GDP in 2020 but economic growth should still come in at about 2.5%, said Treasury Secretary Steven MnuchinRising oil prices add a new risk to already surging inflation in India, clouding the outlook for monetary policyBank of England policy makers considering whether the U.K. needs further stimulus will get a deluge of data in coming days. Meantime, Gertjan Vlieghe said he will vote for a rate cut this month if there are no signs of the economy improving, the Financial Times reportedHere’s a wrap of what’s going on in the world economy this weekU.S. nonfarm payrolls fell short of expectations, but the overall tone of the jobs report suggests that the economy is merely slowing, not stalling, writes Bloomberg’s Carl RiccadonnaXi Jinping’s goal of bringing Taiwan under his control moved further out of his grasp as the island re-elected a president who has vowed to defend its sovereignty

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

To contact the editors responsible for this story: Paul Jackson at pjackson53@bloomberg.net, Alexandra Veroude

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