(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- Anyone looking for reasons why the global economy is slowing and what can be done about it must understand the outlook for China’s consumers, says former Goldman Sachs (NYSE:GS) chief economist Jim O’Neill
- Fed officials say they’re willing to tolerate an overshoot of their inflation goal. Meantime, the market is pricing in a Fed cut even as the White House’s chief economist says the U.S. economy is on track to grow 3 percent or faster this year
- Some U.S. negotiators are concerned China is pushing back against American demands despite President Donald Trump’s optimism about reaching a trade deal that could boost his reelection chances
- Is it time to relent on 2%? A guide to Japan’s inflation target debate
- The U.K. labor market remained in robust health in the three months through January, despite a Brexit-induced slowdown in the economy
- Norway’s central bank is leaving its peers behind as it’s expected to raise interest rates to their highest level in almost four years
- EC Vice President Valdis Dombrovskis said Italy’s economic difficulties should push the populist government to review its fiscal position as the Bank of Italy’s No. 2 official is said to be leaving amid tensions with the government
- Meantime, France’s economy is likely to receive a modest lift from government stimulus
- Indonesia will offer projects worth $91 billion to China as President Joko Widodo looks to double down on a massive infrastructure drive
- These are the key takeaways from Justin Trudeau’s pre-election budget -- and here’s why it’s unlikely to move the needle for Canada’s central bank
- In Mellingen, 30 minutes northwest of Zurich, empty apartments offer a warning sign about the fallout of Switzerland’s negative rates