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Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get you through to the weekend:
- Check out our big economic reads for the week
- Germany publishes fourth-quarter GDP data, and while the forecast is for slight growth of 0.1%, a sizable minority of economists in Bloomberg’s survey expect a contraction. That would be the second in the space of a year and leave the economy in a weakened state even before the coronavirus outbreak
- President Donald Trump’s pick for the Federal Reserve Board, Judy Shelton, came under fire from Republican lawmakers on Thursday, signaling trouble ahead for her nomination
- The Swiss National Bank is in a bind about how to rein in the franc’s unwanted strength without being labeled a currency manipulator by the U.S.
- Less than a month before a U.K. budget intended to set out Prime Minister Boris Johnson’s post-Brexit economic vision, the reset button has been hit
- Sajid Javid never saw it coming. Britain’s finance minister began his day expecting to be confirmed in his position as a mere formality, but instead brought his sudden resignation
- The weak link in eastern Europe’s economic advance is being exposed by the malaise afflicting its richer neighbors
- Will a virus-induced slowdown in China’s growth mean a stall elsewhere? At least in the first quarter, almost certainly yes, writes Tom Orlik, who draws on a large-scale model of the global economy to see where spillovers might be greatest
- Japan’s economy likely suffered its biggest contraction since 2014 at the end of last year, leaving it vulnerable as fallout from China’s viral outbreak threatens to turn a one-quarter-slump into recession
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