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Events
Databanks
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Argentina databank May 13
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Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank May 12
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 9
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank May 13
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
COUNTRY INSIGHTS
HEADS UP: Bahceli calls for early elections
TURKEY · In Brief · 17 Apr 2018
MHP leader and AKP’s election ally Mr. Bahceli just called for early elections on 26th of August. First reaction from experts:Probably he had consulted AKP before talking to his parliamentary caucus about this. The announcement is market negative but I believe barring major TL-related accidents, ...
Datafolha’s messages and other weekly topics
BRAZIL POLITICS · Report · 16 Apr 2018
Three important issues are on the STF’s agenda: The 1st Group decides whether to accept complaint against Aécio Neves, the court decides on the habeas corpus petition by Paulo Maluf, and Minister Marco Aurélio may bring to the floor the PEN’s request on conviction in the second instance. On Tuesd...
Economics: A competitiveness plan for the campaign
MEXICO · Report · 16 Apr 2018
The country’s anti-monopoly regulatory agency, Cofece, issued a document titled "Economic competition, platform for 2018-2024 growth," which offers an analysis of the current situation in relation to economic competition and an agenda of measures to spur competition as a necessary and indispensab...
Politics: TEPJF-INE dispute rocks contest
MEXICO · Report · 16 Apr 2018
The country’s highest electoral court has overruled the electoral authority in a highly controversial decision with broad implications for the July 1 elections and the eventual presidential transition. In a four-to-three decision the Federal Electoral Tribunal (TEPJF) granted Jaime "El Bronco" Ro...
Core inflation reaches 0.8% y/y in March
ISRAEL · Report · 16 Apr 2018
Inflation in March surprises slightly on the upside, core inflation reaches 0.8% y/y. Inflation is likely to reach the lower end of target in 2018, but the BoI is expected to be patient and wait until the inflationary environment reaches 1.5%-2% (mid-2019). Fiscal numbers in Q118 suggest that th...
The deceleration of GDP: Growth of only 2.2% in 2018
BRAZIL ECONOMICS · Report · 16 Apr 2018
At the start of the year (see the Weekly Bulletin “Economic Activity Recovering More Strongly”, of February 5th), a large number of indicators portended faster growth of investments. Among these were the decline in the stock of new residential units and the improved credit conditions for business...
Quo Vadis, Turkey?
TURKEY · Forecast · 15 Apr 2018
The Turkish economy closed 2017 with turbo-charged growth -- of 7.4%, and heightened vulnerabilities as a result, with inflation running at double digits and the current account deficit at a disconcerting 5.6% of GDP. Going forward, the government has one priority in mind, which is to sustain thi...
The Central bank leaves prime rate unchanged at 17.0%
UKRAINE · In Brief · 12 Apr 2018 · 1 response
Today the Board of the Central bank decided to leave prime rate unchanged at 17.0%. The decision was approved despite March inflation sped up to +1.1% m/m (+0.9% m/m in February) and despite no progress with the IMF. This decision might look a bit counter logical amid inflation speed up but in es...
Synthesis of the Brazilian economy
BRAZIL ECONOMICS · Report · 11 Apr 2018
Lula has started serving his jail term for the crimes of corruption and money laundering, and the country was not set inflame, as had been promised by his party’s propaganda and had been the claim on countless earlier occasions. On the contrary, his imprisonment strengthened, in Brazil and the wo...
Continuing growth despite IMF issues
UKRAINE · Forecast · 11 Apr 2018 · 1 response
Ukraine’s economy is clearly enroute to recovery. GDP grew 2.5% y/y in 2017, on the back of private consumption, which rose +7.6% y/y, and local investment, which jumped +18.1% y/y. GDP would have grown even more if not for a -6.3% y/y drop in the grain harvest, and a -16.3% y/y decline in coal e...
The banking crisis got worse
INDIA · Report · 10 Apr 2018
Three remarkable events took place in the last two weeks. A corruption investigation began concerning the CEO of the largest private bank, ICICI Bank. RBI forced the exit of the CEO of Axis Bank, a large private bank. And central investigation agencies have begun asking RBI employees (including a...
Xi Jinping’s measured Boao speech
CHINA ADVISORY · Report · 10 Apr 2018
Xi Jinping made a surprisingly concessionary speech at the Boao Forum on April 10 in response to the escalating trade war instigated by the Trump Administration. We had expected him to avoid making any overt signs of concessions to Trump’s trade threats. Perhaps we underestimated how little these...
Inflation rising, after a break in March
VENEZUELA · Report · 09 Apr 2018
We revised down our monthly inflation rate estimate for March to 62 percent, significantly lower than our 89 percent forecast.This reflects the lagged effect of the decline in the price of the dollar in the parallel market in February (-8%) which interrupted the vertiginous January surge (+123 pe...
It ain’t over until it’s over
COLOMBIA · Report · 09 Apr 2018 · 1 response
Germán Vargas-Lleras is the candidate chosen by president Santos to succeed him. This is the conclusion of the recent coalition between the U-Party and Vargas-Lleras. Santos will use all his power to further this coalition and to prevent Uribe’s protégé, Iván Duque, from winning the presidency. R...
STF may resume discussion on arrest after a second instance conviction and other weekly topics
BRAZIL POLITICS · Report · 09 Apr 2018
Once again, eyes are on the STF, which could resume discussions on imprisonment after conviction in a second instance. Michel Temer may conclude changes to his ministerial team. While he is in Peru, for the Summit of the Americas, the Presidency will be held by STF President Cármen Lúcia. An Ipso...