NEWS FLASH

WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...

Russia and China: Any possible conflicts of interest?
RUSSIA / FSU POLITICS · Report · 17 Feb 2023

The rising tension between the western powers and the illiberal regimes of Russia, China and Iran, brought to new heights by the war in Ukraine, among other events, requires deeper analysis of the relationships between these powers. The growing relationship between Russia and China in particular ...

The government officially initiates debate ahead of the election, with rising inflation as a background
ARGENTINA · Report · 17 Feb 2023

On February 16, President Alberto Fernández (AF) formally initiated the government’s internal debate on what electoral strategy it will adopt for the upcoming elections. Effectively, the debate is about who will run as a presidential candidate in the primaries and what will be the coalition forma...

GULF WEEKLY: Strong Abu Dhabi GDP, Qatar inflation cools, PIF invests in Oman IPO
GULF COUNTRIES · Report · 17 Feb 2023

A skimmable summary overlaid with our analysis and links. Headlines: * The Saudi energy minister affirmed that he expects OPEC+ quotas to remain unchanged all year. * Iran’s president visited China while the US met with the Gulf states to discuss integrated security. * Saudi Arabia sent earthq...

Webinar Replay: Earthquake Aftermath - A new roadmap for Turkey
TURKEY · Report · 17 Feb 2023

Following the tragic loss of life and destruction brought by the magnitude 7.8 earthquake that shook Turkey and neighboring Syria on February 6th, get insight into the impact of the earthquake and Turkey's path for recovery. Visit our calendar page to watch the replay of our webinar featuring Mur...

Webinar replay: Ecuador's February elections - A critical political thermometer
ECUADOR · Report · 17 Feb 2023

What do the results of the Ecuador's constitutional referendum and local elections indicate about the national trends and how will they affect the macroeconomic outlook? Visit our calendar page to watch the replay of our webinar featuring Magdalena Barreiro as she discusses what the elections and...

Justice Moraes asked to review the case that deals with the calculation of taxes, Lula gave an interview to CNN, and next week will be the Carnival holiday
BRAZIL POLITICS · Report · 17 Feb 2023

Supreme Federal Court (STF) Justice Alexandre de Moraes asked to review the case that deals with the exclusion of the presumed Tax on Industrialized Products (IPI) credit resulting from exports for the calculation of the PIS and Cofins taxes. President Lula had an exclusive interview with CNN. He...

Kazakhstan macro: expect robust economic growth in 2023 and still-high inflation
KAZAKHSTAN · Report · 17 Feb 2023

Kazakhstan’s Bureau of National Statistics reported that the country’s GDP grew by 3.2% in 2022 and, in nominal terms, reached KZT101.5 trln ($220.5 bn). The country’s GDP per capita rose to $11.2K as population reached nearly 19.78 mln people, and despite some weakening of the tenge last year, G...

Rate hike of 0.5% expected on Monday
ISRAEL · In Brief · 17 Feb 2023

Rate hike of 0.5% expected on Monday Recent economic and political developments in Israel will support a more aggressive monetary tightening than initially expected. We expect a hike of 0.5% to 4.25% tomorrow, due to the following factors: The inflationary environment remains “sticky”. Core infla...

Russian women giving birth in Argentina
RUSSIA / FSU POLITICS · In Brief · 17 Feb 2023

Since 2022 thousands of Russian women have flown to Argentina because giving birth there confers Argentine citizenship on their babies. Russians can travel to Argentina without a visa. Argentines can travel visa free to 175 countries. Some of the women came to Argentina on one-way tickets. Some R...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 16 Feb 2023

The Russian financial markets remain in the area of turbulence. On the eve of the first anniversary of the start of a special military operation in Ukraine, media are reporting about the forthcoming new sanctions package, which will be introduced by the EU and potentially US next week. Besides, i...

Finance Minister Haddad said that the new fiscal framework will be submitted to Congress in March, the House created a working group to analyze Tax Reform, and the CMN will meet today
BRAZIL POLITICS · Report · 16 Feb 2023

The Minister of Finance, Fernando Haddad, said yesterday that the new fiscal framework will be submitted to the National Congress in March. The previous forecast was April. Yesterday, the House created a working group to analyze Tax Reform. The term is 90 days. Work should be completed around May...

Slide presentation - Ecuador's February elections: A critical political thermometer
ECUADOR · Report · 16 Feb 2023

Get insight into Ecuador's elections and what economic data reveals about Ecuador's trajectory with the presentation from our webinar, "Ecuador's February elections: A critical political thermometer".

Wagner leader says Bakhmut will not fall until March
RUSSIA / FSU POLITICS · In Brief · 16 Feb 2023

On February 16 the head of the private military company said that the city will not be taken until March or even April 2023. Yevgeny Prigozhin posted these comments online and blamed the Russian Army for this saying it is too bureaucratic. He added that it is necessary to cut supply routes to the...

Policy rates up by another 50bp
PHILIPPINES · In Brief · 16 Feb 2023

Following surprisingly strong January inflation, the Monetary Board today decided to raise its set of policy rates by 50bp, bringing the key overnight rate to 6% effective tomorrow, the highest since 2008. The BSP also raised its inflation forecast for the year sharply from 4.3% to 6.1% while kee...

January’s CPI surprises on the upside
ISRAEL · In Brief · 15 Feb 2023

January’s CPI surprises on the upside Inflation in January was up 0.3% and 5.4% y/y (accelerating from 5.3% last month). Market expectations (and ours) were for 0.1% m/m. Housing rental prices surprised on the upside, with OER accelerating to 6.7% from 6.3%. In addition, the seasonal decline in a...