Orr’s Big ‘If,’ Powell Recovery Alert, Trump China Ban: Eco Day

Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.

  • New Zealand central bank governor Adrian Orr said a new community case of Covid-19 in Auckland isa reminder of the uncertainties around the economic outlook
  • Three of the world’s top central bankers warned Thursday that the prospect of a Covid-19 vaccineisn’t enough to put an end to the economic challenges created by the pandemic
  • Donald Trump signed an order prohibiting U.S. investments in Chinese firms determined to beowned or controlled by the military
  • Congressional Republicans areslowly and incrementally moving past refusal to acknowledge the outcome of the presidential election
  • Alternative, high-frequency data show that economic activity in a number of major advanced economiesdropped sharply in the first weeks of November, says Björn van Roye
  • Japan’s sharp economic rebound in the last quarter likely recoveredonly around half the growth lost during the pandemic
  • India’s main holiday season — culminating with Diwali, the festival of lights — appears to be giving amuch needed boost to demand
  • Who’s No. 1? Bloomberg Economics’sguide to the world in 2050
  • The Trump administration isstepping back from negotiations on a new stimulus package and leaving it to the Senate majority leader
  • Policy makers from the largest economies are set to meet Friday to iron out the details of aplan for debt relief to the poorest countries
  • Joe Biden will need to repair a global economic orderdamaged by Donald Trump, write Shawn Donnan and Jenny Leonard
  • Just eight months after they swung into action to avert a crippling depression and credit crunch, central banks are in theuncomfortable position of relying on governments to power fragile rebounds
  • Stephanie Flanders and Lucy Meakin look at thelost opportunities for Asia’s lockdown generation in their weekly Podcast
  • After Donald Trump’s election in late 2016, the then-president-electtook an unprecedented phone call from Taiwan’s leader Tsai Ing-Wen, shattering decades of diplomatic protocol

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