michala: yes, i think we are getting very much to that stage. the forward-looking surveys, it is not just about the manufacturing center any longer. we do see the slowdown spreading into services. our expectation is that we will see a more substantial slowdown in the global economy coming into 20/20 and even into 2021. this is where the policy debate becomes absolutely critical. nejra: we will talk about that through the hour. michala marcussen with societe generale stays with us. mario draghi. we will be in frankfurt to look back at his legacy and preview the presidency. that is next. and when you are traveling to work, bloomberg radio is with you all the way. we are live on your mobile device and dab digital radio in the london area. this is bloomberg. ♪ nejra: this is "bloomberg daybreak: europe." i am nejra cehic in london. bloomberg first word news and hong kong. >> good morning. e.u. ambassadors have agreed they should except the u.k.'s request for a third extension to the brexit process but are said to be split over how long to grant. the