(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. 

Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Hong Kong’s deepening political crisis now risks becoming an economic one; the island has far more than recession risk to worry about, writes Bloomberg Economics’ Qian Wan
  • Singapore’s government cut its forecast for economic growth this year to almost zero; stagnation in the second quarter sets the stage for a recession in the second half, says Bloomberg Economics’ Tamara Henderson
  • The Swiss National Bank may have to step up measures to tame the franc and prevent the currency from appreciating to a damaging level
  • Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore
  • Mario Draghi’s plans for a parting stimulus shot are laced with even more suspense than usual as the prospect of a renewed round of asset purchases is shrouded in uncertainty
  • The U.S. fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue

To contact the reporter on this story: Jiyeun Lee in Hong Kong at jlee1029@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Henry Hoenig

©2019 Bloomberg L.P.

Neuer Inhalt

Horizontal Line

SWI swissinfo.ch on Instagram

SWI swissinfo.ch on Instagram

SWI swissinfo.ch on Instagram

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters