GlobalSource Partners | Country Insights

Tisza's candidate for finance minister, Mr. Kármán said yesterday that the new government will aim at meeting euro introduction criteria by 2030. In short term, the new government is going to review the fiscal situation, and then propose the amendment of the 2026 budget. As part of that proposal,...

GULF WEEKLY: Peace hopes rise as Iran reopens Hormuz after Lebanon ceasefire, PIF announces 5-year strategy, Kuwait & Abu Dhabi make $4.5bn in private placements

GULF COUNTRIES · Report · 17 Apr 2026

A skimmable summary overlaid with our analysis and links. Headlines: * Iran’s foreign minister declared Hormuz reopen in response to the ceasefire in Lebanon. * Brent crude has dropped below $90 for the first time in over five weeks. * OPEC data for March showed production declines as high a...

Lula criticized the 20% tax on international purchases of up to US$50, the rapporteur of the PEC on the Central Bank’s autonomy submitted a new proposal, and next week is expected to be quiet due to the holiday (4/21)

BRAZIL POLITICS · Report · 17 Apr 2026

This week, President Lula criticized the so-called “shein tax,” calling it unnecessary. The government had implemented a 20% tax on international purchases of up to US$50. Yesterday, the rapporteur of the constitutional amendment proposal (PEC) on the Central Bank’s budgetary, administrative, and...

Transmission of the West Asia petroleum shock through non-price mechanisms

INDIA · Report · 17 Apr 2026

The Iran war is an important shock for the Indian macroeconomy, through prices and quantities of petroleum and petrochemicals. With international crude benchmarks rising by approximately 50 percent, and maritime transit through the Strait of Hormuz fundamentally impaired, India’s access to vital ...

TOPIC OF THE WEEK: Armenia set to overtake Azerbaijan in per capita GDP this year

CAUCASUS / CENTRAL ASIA · Report · 17 Apr 2026

Azerbaijan may have claimed military victory vis-a-vis Armenia, but the war on the economic front appears to have evolved along different lines as demonstrated by probably my favorite exercises in the CIS space, which encompasses the target Caucasus and Central Asia (CCA) region. Based on the jus...

Russia: a brief market watch

RUSSIA ECONOMICS · In Brief · 16 Apr 2026

The OFZ market remained under pressure in the past two weeks. Some acceleration on inflation (to 0.17-0.19% w-o-w at the very end of March and early April) made investors cautious regarding potential reaction from the CBR. Additionally, the regulator's top management acknowledged that they contin...

Budget in Wonderland

BRAZIL ECONOMICS · Report · 16 Apr 2026

The administration has submitted to Congress the Budget Guidelines Bill (PLDO) for 2027, signaling the evolution of federal public accounts for the next 4 years, from 2027 to 2030. It could be nominated for the Hugo Award — if there were a category for budget pieces.

Power transfer proceeding in an orderly way so far

HUNGARY · In Brief · 16 Apr 2026

President of the Republic Tamás Sulyok received the heads of the three parties elected to the new parliament separately yesterday. Following the meetings, he announced that the new parliament may be convened first in early May, and at that meeting, he will nominate Péter Magyar for prime minister...

The vote on the 6x1 proposal was postponed to next week, Justice Mendes requested that the PGR investigate Senator Vieira for abuse of authority, and Justice Moraes ordered an investigation into Senator Flávio Bolsonaro

BRAZIL POLITICS · Report · 16 Apr 2026

The rapporteur of the proposal to eliminate the 6x1 work schedule (PEC 221/19), Congressman Paulo Azi (União-BA), presented a favorable opinion on the admissibility of the measure before the Constitution and Justice Committee (CCJC) of the House. As a request for further review was filed, the vot...

Essential CIS Politics: April 1-15, 2026

RUSSIA / FSU POLITICS · Report · 15 Apr 2026

Headlines: - Russia and Ukraine swap prisoners as part of brief Easter truce - Russian Navy escorting shadow fleet deters Western militaries from boarding - Moldova votes to leave Soviet Union successor CIS - Gulf states concerned with Russian intel support for Iran, as Zelensky tours the r...

Great changes in the first three days after the election

HUNGARY · In Brief · 15 Apr 2026

Following the noisy celebration by massive crowds, mainly from the younger generations, in the late hours of Election Day, making the streets of central Budapest look a bit like a New Year's Eve, the government media went through a spectacular change in recent days. The threat of military action ...

The government announced a decree requiring transparency in the gross profit margins of fuel distributors, it is also expected to introduce measures to curb household debt, and the Organized Crime CPI rejected its report

BRAZIL POLITICS · Report · 15 Apr 2026

Yesterday, the government announced a decree requiring transparency in the gross profit margins of fuel distributors. The measure aims to enable weekly monitoring of prices, preventing companies from absorbing subsidies and ensuring that fuel price reductions reach consumers. The Minister of Labo...

Disinflation with friction

VENEZUELA · Report · 14 Apr 2026

Thanks to record foreign exchange sales of $1.047 billion, in March 2026, inflation slowed to 13.1 percent from 14.6 percent in February. The strong forex sales helped ease exchange rate pressures and narrow the gap between the official and market rates to 40.8 percent. But the increase in the In...

José Guimarães is the new Minister of Institutional Relations, Lula said he will submit a bill this week abolishing the 6x1 work schedule, and two new presidential polls are set to be released today

BRAZIL POLITICS · Report · 14 Apr 2026

President Luiz Inácio Lula da Silva has appointed Congressman José Guimarães as Minister of the Secretariat of Institutional Relations. He replaces Gleisi Hoffmann, who will return to her seat in the Lower House. Regarding the end of the 6x1 work schedule, Lula stated yesterday that he intends to...

Webinar replay: Peru first round results - What's next?

PERU · Report · 14 Apr 2026 · 1 response

Visit our calendar page to watch the replay of webinar featuring GlobalSource Partners' Peru Analyst Alfredo Thorne discussing what the results of Peru's first round of elections reveal about Peru’s trajectory and the possible impact on the economy and markets.