(Bloomberg) -- Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • China’s economic growth could tumble, debt surge and foreign companies flee in the worst-case scenarios for the trade war. Meanwhile, the blow from tariffs isn’t falling evenly, writes Qian Wan
  • Minneapolis Fed chief Neel Kashkari says monetary policy has been too tight in this recovery, resulting in slower growth than necessary
  • The trade war between the U.S. and China doesn’t look like it’s heading for a truce anytime soon - here’s our weekly review of the world economy and the lessons learned
  • Whoever wins Australia’s election this weekend will be handed a formidable challenge: to keep an economy that’s just chalked up the longest expansion on record from running out of gas
  • Bank Indonesia is looking for an opportunity to cut interest rates, but acknowledged that the current external climate makes that tough to do, writes Tamara Mast Henderson
  • Israel’s economy expanded at its fastest pace in three years, far exceeding the central bank view of the country’s potential growth
  • The Bank of Canada said risks to the financial system have increased “slightly” over the past year
  • More than a half-century after coming together, the Association of Southeast Asian Nations is weighing a strong growth outlook with the reality of political and economic change

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke

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