(Bloomberg) — Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help take you start the week.
There’s one message from the British government that’s been clear as the coronavirus rages again: the labor market is about to go through a shock not seen in a generationThe European Central Bank is struggling to make its intentions clear to investors at a critical juncture in its response to the coronavirus recessionThe stage is set for a showdown on Brexit at a European Union summit next week Spain is paying a hefty price for its broken political system and is rapidly becoming the euro’s problem childAustralia’s central bank is expected to keep its powder dry for another month as it clears the airwaves and commentary pages for the government’s anti-recession fiscal program in Tuesday’s budgetBloomberg Economics expects Asia’s economies to continue recovering though it’s unclear what pace can be kept upThe global economy is entering the final quarter of its worst year in living memory in a precarious state with the coronavirus threatening to wreak yet more destruction on labor marketsBrazil’s President Jair Bolsonaro, who rose to power by painting himself a fiscal hawk, is suddenly pushing to ramp up social spending, leaving markets startled and budget experts confoundedThe non-oil private sectors in the Arab world’s three largest economies returned to growth in September, with Egypt seeing its first expansion in 14 months
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