Shaky Global Recovery, U.S. Pay Hike, China Exports: Eco Day

Welcome to Monday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • The world’s economic rebound isshrouded in uncertainty with plenty that could wrong before 2020 is over
  • Peru’s star Finance Minister Maria Antonieta Alva, who steered a measures to cope with the coronavirus pandemic, is facing the biggest challenge of her career as ahearing in congress could sideline her
  • As the economy picks up, America’s warehouse and factory owners increasingly find they can’t fill jobs withoutboosting meager wages
  • President Donald Trump “couldn’t be more pleased” with how therecovery is progressing but wants more stimulus to move ahead, U.S. Treasury Secretary Steven Mnuchin said. Mnuchin spoke Sunday as an aide to Democratic presidential candidate Joe Biden warned of an unequal, “K-shaped” recovery leaving many Americans behind
  • The pace of Germany’sindustrial recovery slowed in July, raising concerns over the long road recovery
  • Boris Johnson raisedthreats to leave theEuropean Union without a trade deal as his government moved to tear up part of the divorce agreement it reached with the bloc only a year ago
  • China’s exports continue todefy expectations with strong demand for medical products and electronics as major trading partiners resume business
    • The headline reading on China’s exports for August likelyoverstates the recovery in external demand that may not be as smooth as the market expects, according Bloomberg Economics

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