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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 16
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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
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
Tax Amnesty Euphoria
INDONESIA · Report · 01 Aug 2016
With the enactment of the Tax Amnesty Law, the month of July can be considered a historic month for fiscal policy. The law was developed by the Ministry of Finance, especially by the Directorate General of Tax, with the full support of the Association of the Employers (APINDO). The enactment of t...
Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 01 Aug 2016
The month of August starts with the perspective that Dilma Rousseff’s impeachment will be approved by the Senate without surprises, ending Michel Temer’s interim status. This event is partly incorporated in the scenario used by the markets, and the expectation is that afterward the President will...
Unleashing repressed inflation feeds inertial inflation and delays recovery
ARGENTINA · Forecast · 01 Aug 2016
Macri’s government inherited an economy with large macroeconomic disequilibria and extreme relative price misalignments. The disequilibria and misalignments created by capital and price controls and inefficient regulations distorted the functioning of most markets for goods and services. The n...
Week of August 1
BRAZIL POLITICS · Report · 01 Aug 2016
Congress and the Superior Courts return to work. In the House, the priority is to vote on the bill that deals with the renegotiation of state debt with the Federal government. In the Senate, the highlight is the impeachment of President Dilma Rousseff. The Special Committee will vote on the repor...
What Can Be Expected for Household Consumption
BRAZIL ECONOMICS · Report · 01 Aug 2016
The signs that the recession is reaching the end are becoming clearer. Our leading indicator, which combines indicators from the international and domestic economies, points to an end in the third quarter this year. The unanimous recovery of the confidence indicators produced by FGV strengthens t...
Weekly Macro Highlights and outlook
ISRAEL · In Brief · 01 Aug 2016
Full employment likely to support wage pressure The labor market in Israel is rapidly tightening, supporting wage pressure.Unemployment declined to 4.8% in Q216.For the 25-64 age group unemployment declined to 4.0% in Q216 from 4.5% in Q1.In June, unemployment declined further to 3.9%.Job growth ...
Weathering the Storm
COLOMBIA · Report · 31 Jul 2016
The July rituals mark the beginning of the new season of congressional sessions. Out of the many initiatives presented to Congress for approval, the two fundamental narratives of the current legislative period, running from July 20th 2016 to June 20th 2017, are the approval of a legal peace agree...
The Morning After: The Panama Papers, the Waked Affair and the Challenges to the Banking Sector
PANAMA · Report · 31 Jul 2016
The Monthly Economic Activity Index climbed by a surprising 5.2% y/y in May, and 4.2% for the first five months of the year, compared with the same period in 2015. That’s good news, coming on the heels of the Panama Papers and Waked Affair scandals, though the IMAE continues to show a persistent ...
Turkey at a Crossroads
TURKEY · Forecast · 31 Jul 2016
Any seasoned observer of Turkey’s economy and politics would make a mockery of our title, but this time it seems for real. Following this month’s unsuccessful coup attempt, which was thwarted by an impressively unified response from a coalition of forces -- the government, the opposition, securit...
Car manufacturing: good news and bad news
HUNGARY · In Brief · 30 Jul 2016
Yesterday, the local media was flooded by news and instant analysis on Mercedes' freshly announced plans to build a €1bn worth of new production complex at Kecskemét (South-Eastern Hungary). The new factory is intended to include car body production and painting units, in addition to an assembly ...
What kinds of reforms?
CHINA FINANCIAL · Report · 29 Jul 2016
Special points to highlight in this issue: • The orthodox macroeconomic model, which dominates mainstream thinking about China, implicitly assumes that the main determinant of economic growth is the mix of a country’s assets – not just capital assets but also other, less tangible assets such a...
Fiscal Talks Likely to Take a Back Seat
DOMINICAN REPUBLIC · Report · 29 Jul 2016
Discussion of political reform is very likely to precede talks over electrical sector reform, and the so-called Fiscal Pact. Business leaders have stressed that good party and electoral laws are a priority, a view shared by almost all civic organizations. The government has been responsive, and h...
Labor market rapidly tightening
ISRAEL · In Brief · 29 Jul 2016
In Q216 the unemployment rate declined to 4.8% from 5.2% in Q116 (seasonally adjusted data). Looking at the more important age group (closely followed by the BOI) of 25-64 (excluding soldiers and students), unemployment declined to 4.0% in Q2 from 4.5% in Q1. This age group witnessed an increase ...
COSTA RICA: Deficit Solution Needed
CENTRAL AMERICA · Report · 28 Jul 2016
Our short-term outlook for Costa Rica calls for moderate growth with financial stability, but continued fiscal vulnerability. Recent developments suggest that the fiscal situation will be better than expected, though, as government revenues rose faster than spending. But the deficit is still larg...
Economics: Confusion over Poverty Statistics
MEXICO · Report · 27 Jul 2016
The National Statistics Institute (Inegi) published on Friday, July 15, the results of its Module of Socio-economic Conditions (MCS) for 2015, the study in which the agency measures information that allows the National Council for the Evaluation of Social Development Policy (Coneval) to calculate...