(Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.
- Goldman Sachs revised down forecast U.S. economic growth this year, pointing to a “harder path” ahead for the American consumer
- China’s regulatory efforts to increase control over its technology sector adds another “decoupling engine” to the global economy
- Bloomberg Economics looks at Japan’s leadership contenders and their policies. Meantime, green energy stocks surged on bets anti-nuclear politician Taro Kono could become prime minister
- Singapore, one of the word’s most vaccinated countries, is taking new steps to slow Covid-19 cases but can’t rule out hard curbs
- India’s central bank announced additional operations to soak up excess liquidity from the banking system that’s at an 11-year high
- China’s leaders have been signaling that they intend to use new taxes to meet their “common prosperity” goals, but analysts say most such initiatives will require years to be fully formed
- U.K. Chancellor of the Exchequer Rishi Sunak is facing five crucial fiscal decisions — including the biggest overnight welfare-benefit cut in history. Boris Johnson’s reluctance to turn to the EU to ease a supply crisis highlighted his government’s priority: Brexit first
- The world economy risks turning stagflationary, says Simon Kennedy
- A military junta that seized power in Guinea said it plans to establish a unity government and urged mining companies to keep operating
More stories like this are available on bloomberg.com
©2021 Bloomberg L.P.
