Services

NEWS FLASH

UPCOMING WEBINAR - LATIN AMERICA IN 2025: HOW WORRIED SHOULD WE BE?...

Learn More

COUNTRY INSIGHTS

MNB base rate down 75 bps today, to end 2023 at 10.75%
HUNGARY · In Brief · 19 Dec 2023

The Monetary Council held its last regular monthly rate-setting meeting today, this time also discussing the Q4 inflation report. The decision was a 75 bps cut of the base rate and the interest rate corridor alike, the same way as it happened in the previous two months: After the meeting, vice go...

The LDO should be put to a vote today, the Senate is set to vote on the ICMS subsidy MP, and the House is expected to vote on the online sports betting bill
BRAZIL POLITICS · Report · 19 Dec 2023

A session of the National Congress is scheduled for today to vote on the Budget Guidelines Law (LDO). Last week, the Joint Budget Committee approved the report submitted by the rapporteur, Deputy Danilo Forte (União Brasil-CE). Today, the House may vote on the online sports betting bill. The defi...

Economics: Continuing strength in US and Mexico activity with controlled inflation bode well for 2024 despite hawkish monetary policy
MEXICO · Report · 19 Dec 2023

The economic outlook for year-end 2023 and 2024 remains mixed. Continuing progress in international economic activity has been encouraging, with US GDP growth driven by personal consumption in goods and services, an expansion that has defied the Fed’s hawkish stance since the beginning of 2022, a...

EU sanctions Russian diamonds
RUSSIA / FSU POLITICS · In Brief · 19 Dec 2023

On December 18 the 12th sanctions package was approved. It had been delayed because of Austrian objections related to Ukraine's placing Raiffeisen Bank, which still operates in Russia, on its list of sponsors of war. The diamond ban relates to both synthetic and natural diamonds as well as those ...

Politics: Voter support for Xóchitl slips while that of Claudia and Morena may have run up against a hard ceiling
MEXICO · Report · 18 Dec 2023

This week we are releasing the results of the latest GEA-ISA quarterly poll of registered voters on the general situation of the country and electoral preferences. It delivered results very similar to those of last September, but the numbers that departed from the results of three months ago may ...

Two battles in sight and other weekly topics
BRAZIL POLITICS · Report · 18 Dec 2023

This is the final week of activity in the National Congress, which recesses on Friday, December 22. Before this, the votes must be completed on the MP for the ICMS subsidy, online betting, the LDO and the 2024 Federal Budget. Tax Reform will be enacted on Wednesday, and Lula will lead a ministeri...

Fiscal Stimuli, Monetary Accommodation and GDP Growth
BRAZIL ECONOMICS · Forecast · 18 Dec 2023

The strong GDP growth in 2023, of 3.1%, is much more a consequence of actual GDP, spurred by aggregate demand, than by growth of potential GDP. No matter how attractive they are, the narratives about increased productivity have no empirical support. Contrary to government and household consumptio...

This is the final week of activity before Congress recesses, the Senate should vote on the ICMS subsidy MP tomorrow, and the House may vote on the online sports betting bill
BRAZIL POLITICS · Report · 18 Dec 2023

This is the final week of activity in Congress, with important issues to be concluded. Congress recesses on Friday, December 22. Work will resume on February 2. On Tuesday, December 19, the Senate should vote on Provisional Measure Nº 1,185, which deals with the ICMS subsidy and Interest on Own C...

KUWAIT: The new Amir's choice of crown prince is critical for the country's future
GULF COUNTRIES · Report · 18 Dec 2023

* Sheikh Mishal, age 83, succeeded as Amir on Saturday, after the death of his brother Nawaf. * He is a conservative figure with a background in national security and has been effective ruler for two years. * His choice of crown prince will set the tone for Kuwait in a critical decade. * The c...

CCA Highlights: Armenia still in the throes of deflation, Azerbaijan to face early presidential elections, Georgia earns EU candidate status, Tajikistan names new cost of Rogun dam
CAUCASUS / CENTRAL ASIA · Report · 18 Dec 2023

We comment on key macro-related events in the Caucasus and Central Asia: Armenia: Central Bank of Armenia cuts policy rates by 25bpts to 9.25 percent Armenia: Deflation returns in Nov Armenia: Outflows to UAE reach record highs Armenia: Authorities upbeat on 2024 growth prospects Armenia: ...

Moldova adopts pro-Western defense strategy
RUSSIA / FSU POLITICS · In Brief · 18 Dec 2023

On December 15 the Parliament voted to make the change. Moldova has officially been neutral until now. The former Soviet republic still does not seek to join NATO.  The Moldovan government aspires to join the EU. The Harvard-educated president is an outspoken advocate of Ukraine's cause, too. How...

November’s low CPI, surprising on the downside, supports monetary easing
ISRAEL · Report · 18 Dec 2023

1. November’s CPI came in below expectations as core inflation moderated significantly. 2. This renews expectations for a rate cut in January (in two weeks), assuming low shekel volatility. 3. The CA surplus and net FDI are expected to reach 5.5% GDP this year, but geopolitical/political u...

Polish blockade of Ukrainian trucks continues
RUSSIA / FSU POLITICS · In Brief · 18 Dec 2023

The Polish blockades of Ukrainian trucks continues. Polish truckers have been blocking Ukrainian trucks from entering or leaving Poland since November 6. Ukraine needs to export and import goods via Poland. The Polish authorities have done very little to stop this illegal blockade. Polish trucker...

Looking beyond the Chile’s constitutional moment
CHILE · In Brief · 17 Dec 2023

On Sunday, for the second time in as many years, Chileans have voted on a constitutional proposal designed by a democratically elected assembly. And for the second time, they have rejected it, with 55.8% against, versus 44.2% voting in favor. Whereas the 2022 proposal seemed to be far more progre...

Oil workers in Kazakhstan go on strike
RUSSIA / FSU POLITICS · In Brief · 17 Dec 2023

On December 11 hundreds of people stopped work at West Oil Software in north-west Kazakhstan. West Oil Software provides logistics for oil and gas companies. Manghystau Region, where the strike is taking place, has been the scene of similar strikes over the past 20 years. The police have tried to...

Copyright 2024 GlobalSource Partners. All rights reserved.