Fed Nomination, Nordic Governance, Asia Manufacturing: Eco Day

Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:

The Trump administrationagain nominated Judy Shelton to be a member of the board of governors of the Federal Reserve, almost two months after previous efforts to hold a Senate vote on the matter were derailed
In the 21st century’stoughest test yet of governing, the Nordics stand out. After almost a year of the pandemic, the region’s societal model has made it “the most promising” in charting a sustainable path out of the crisis, according to the World Economic Forum
Prime Minister Yoshihide Suga’s heavy hint that he will declare anemergency in the area around Tokyo later this week has deepened fears that Japan’s economy will shrink again
South Korea’spopulation declined in 2020 for the first time on record as births dropped to a historic low amid the pandemic
Meantime, factory activityacross Asia continues to gain momentum, spurred by strong demand for the region’s exports, while China’s recovery is starting to moderate
Singapore’s Changi Airport,routinely voted the world’s best, is reinventing itself for the Covid era and beyond. In a bid to keep people engaged until life returns to normal, it’s offering glamping as well as canopy park tours to seasonal dining menus