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Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you get through to the weekend.
- ECB officials are on called on workers to propose new ways of measuring the financial situation in the euro area; that comes when President Christine Lagarde pointed out that the The euro zone economy is over double-dip
- President Joe Biden chief economic adviser plans to meet with bipartisan group of lawyers in the coming days to discuss the administration’s Covid-19 aid plan amid anti-GOP expansion
- French Finance Minister Bruno Le Maire said he will try to coordinate European and US fiscal stimulus efforts in talks as early as next week. expresses dissatisfaction with Biden ‘s plans for a $ 1.9 trillion major Covid-19 relief plan
- Economics of Bloomberg other data show a growing decline in fear of a new virus
- Chancellor of the Exchequer Rishi Sunak sets out plans in his budget to start renewal order to the UK finances; in the meantime, nearly 9 million people in Britain had to borrow more money by the end of last year to help them through a coronavirus crisis
- Decline in Japanese key inflation deepened in December with a recovery of the coronavirus on the economy and the Bank of Japan heading for a policy review in March; A separate report showed Japan’s service and factory activity it weakened in January
- New Zealand inflation firmer than quarter economists expected, adding signs the central bank may no longer have to cut interest rates