Services

COUNTRY INSIGHTS

Minister of Finance Resigns
PERU · In Brief · 04 Jun 2018 · 1 response

Minister of Finance David Tuesta resigned his post, apparently in protest for several conflicts with Prime Minister Villanueva and President Vizcarra regarding fiscal measures. Tuesta recently increased excise taxes on various products including fuels, tobacco, alcohol, sugared drinks, and automo...

The crisis leads to more questions in the MDB and the PSDB, and other weekly topics
BRAZIL POLITICS · Report · 04 Jun 2018

Two presidential polls will be released this week, a DataPoder360 poll on June 4, and an Ipespe poll on June 7. The PSDB launches its manifesto calling for unity in the political center around a single candidate. On Friday, June 8, IBGE releases inflation for May. In Congress, repercussions of Pe...

A mediocre recovery
BRAZIL ECONOMICS · Report · 04 Jun 2018

In the first quarter of 2018, GDP grew by only 0.4%, and it only takes a quick glance at the behavior of the most important components on the aggregate supply and demand sides to conclude that even without considering the effects of the truckers’ strike, growth in 2018 will be significantly less ...

May data, AMLO forecasts; Nestora, self-defense groups and crime
MEXICO · Report · 04 Jun 2018

Economic data released in May confirmed that the economy continued to grow at rates similar to those observed during the previous three quarters, but the 1.3% expansion of GDP during the first quarter of 2018 was well under half the 3.3% increase registered for the same quarter a year earlier. On...

Medina faces his first big political defeat
DOMINICAN REPUBLIC · Report · 04 Jun 2018

President Danilo Medina is about to receive his first major political defeat. The effort to pass the bill on political parties most favorable to him (with open and simultaneous primaries) is failing. Medina could not get enough votes to pass the bill in the House. Nearly all the opposition, and t...

Policy tightening unlikely without a significantly weaker shekel
ISRAEL · Report · 04 Jun 2018

Unemployment increased in April, but the labor market remains tight. * Unemployment reached 3.9% in April, up from 3.6% in March. * Unemployment for the 25-64 age group is up to 3.4% from 3.2%. * Job creation has slowed to 1.0% saar in Feb-April from 2.1% in 2017. * Slowing job cr...

Inflation rises further, eyes on MPC
TURKEY · In Brief · 04 Jun 2018

May CPI inflation came in at 1.6%, m/m, somewhat higher than the consensus expectation of 1.4%-1.5%, reflecting a myriad of mainly cost-push factors, such as lira depreciation, higher oil prices and the Ramadan effect on food prices. The 12-month CPI rate rose sharply higher to 12.1%, y/y, from 1...

Finance Minister Dismissal on Agenda
UKRAINE · In Brief · 02 Jun 2018

Last week media reported about open conflict between Prime-Minister Volodymyr Groysman and Finance Minister Oleksander Danylyuk. On May 23, at the Cabinet meeting Finance Minister strongly insisted on approval of his candidate for the position of his deputy. Instead Groysman removed State Fiscal ...

​Wait and see on the IMF negotiations
ARGENTINA · Report · 01 Jun 2018

Two years after the new administration took power, the fiscal deficit continues to be large, and the current account deficit has been increasing. In implementing its fight against inflation the Central Bank expanded the stock of LEBACs to a level higher than that of the monetary base. In May, the...

Is regime change possible?
TURKEY · Report · 01 Jun 2018 · 1 response

Turkey’s ordeal with political risks is not over. At the very tail-end, postponement of elections still lurks behind. ‘Cohabitation’ is the most likely outcome on June 24th, after which time Erdogan and the opposition controlled Grand Assembly are likely to bicker on many topics, but agree on eve...

EU transfer allocations for 2021-2027 may be even less than thought initially
HUNGARY · In Brief · 31 May 2018

In our May report, we said that between 2021-2027, Hungary's allocation of EU development transfers may fall to 2.2% of GDP from 2.9% in 2014-2020 and 4.1% in 2007-2013, assuming it will change the same way as the EU's total allocation on its various transfer programs will, according to the EU Co...

A worse than expected year with elections looming
PANAMA · Report · 31 May 2018

The Monthly Index of Economic Activity (IMAE) expanded at a rate of 2.9% y/y in March and 3.5% YTD confirming our predictions of a slower 2018 compared to 2017, when the economy grew at 5.4%. The main drivers during the first quarter of the year were commerce, transportation and communications (C...

Bank Indonesia raises the benchmark rate
INDONESIA · In Brief · 31 May 2018

At a special policy meeting on May 30, Bank Indonesia announced another increase in the benchmark rate by 25 basis points, to 4.75 percent. The rate increase, as we suggested in our most recent report, was able to reverse expectations, so that the exchange rate of the rupiah turned to Rp. 13 thou...

The Central Bank acts to stabilize the rupiah
INDONESIA · Report · 30 May 2018

Like many other emerging economies, the Indonesian economy has been challenged by the policy undertaken by the US Fed, which has raised its interest rates for the last few quarters and has strongly indicated it will raise the Fed Funds rate further. Being a small open economy, Indonesia is not im...

Economics: 1Q public finance tops official forecast
MEXICO · Report · 29 May 2018

Public finance results for the first quarter were in keeping with budget and finance ministry targets, but also provide evidence of an extension toward the troubling trend of rising spending, mounting public deficits and a multi-year trend toward sacrificing physical public investment. While it ...

Copyright 2025 GlobalSource Partners. All rights reserved.