Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

Russia fails to regain seat on UN Human Rights Council
RUSSIA / FSU POLITICS · In Brief · 10 Oct 2023

On October 10 the vote was held in the UN General Assembly. Russia was voted off it in March 2022. Russia won 83 votes out of 193, which is better than anticipated. Its votes probably came almost exclusively from the Global South. Western countries cited a missile attack on Groza, Ukraine, that K...

Russian macro: economic growth to moderate in 2024
RUSSIA ECONOMICS · Forecast · 10 Oct 2023

The country’s economic situation appears decent, as Rosstat reported that the output of the five basic sectors grew by 4.2% y-o-y in 8M23. This indicator is a kind of monthly proxy of economic activity, as it covers over 50% of GDP and comprises industry, agriculture, construction, trade, and tra...

Current account widens in 3Q23 as income balance turns less negative
RUSSIA ECONOMICS · In Brief · 10 Oct 2023

CBR published its preliminary estimate of the 9M23 balance of payments, including some monthly numbers. The current account and the trade surpluses widened in September to $9.6 bn and $13.1bn from $5.7 bn and $11.0 bn in August. In July, these surpluses were much narrower ($1.3 bn and $6.1 bn). I...

Economics: Soaring automotive shipments contrast with softening of other manufactured exports, while the super peso stoked demand for imports
MEXICO · Report · 10 Oct 2023

Mexico’s strong export performance through August of this year is primarily explained by the extent to which automotive exports continue to grow in response to robust US private consumption, especially the extent to which consumers are snapping up cars and trucks following a period of major short...

Politics: An innovative, quantitative approximation of the number of people each cartel employs in Mexico, rate of turnover/recruitment
MEXICO · Report · 10 Oct 2023

An article by analysts Rafael Prieto-Curiel, Gian Maria Campedelli and the late Alejandro Hope that appears in the magazine Science assesses the scale and dimensions of Mexican cartels. While conducting a sophisticated analysis that estimates the cartels' population size—roughly 175,000 people wo...

Congress vs. the STF and other weekly topics
BRAZIL POLITICS · Report · 10 Oct 2023

This will be a slow week in the Legislature. In addition to the holiday (Children's Day), Arthur Lira will travel to India and China with party leaders. The offshore taxation bill begins to block the agenda in the House on Saturday, October 14. This week the terms of two more advisors at the Admi...

Haddad travels to Marrakech today, Lira travels to China, and the TSE will analyze whether former President Jair Bolsonaro (PL) committed abuse of political power in the 2022 elections
BRAZIL POLITICS · Report · 10 Oct 2023

The Minister of Finance, Fernando Haddad, leaves for Morocco today, October 10. During his trip, he will speak with other economic authorities about the department's main points of interest. The president of the House, Arthur Lira (PP-AL), travels to China and India along with party leaders to pa...

Year-on-year CPI-inflation sharply down in September, but nothing unexpected
HUNGARY · In Brief · 10 Oct 2023

The yoy headline rate dropped to 12.2%, from 16.4% in August. This was essentially due to a large friendly base effect, as the impact of last summer's energy price reform had just fallen out of the formula. The monthly inflation rate was still 0.4%, so not at all negligible. Core inflation looked...

Interest Rates in the United States and the Consequences in Brazil
BRAZIL ECONOMICS · Report · 10 Oct 2023

Against a backdrop of a still heated economy and tight labor market, the indication that the interest rate will remain “higher for longer” in the US does not exclude the possibility of further elevation. The resilience of the American economy to the Fed’s tighter monetary policy is a consequen...

The second presidential debate
ARGENTINA · Report · 10 Oct 2023

Although from the point of view of the ideological position of each candidate there were no substantial changes compared with the first debate, this time around Sergio Massa did not manage to escape the debate unscathed, Milei's latest provocation runs the risk of backfiring, and Bullrich was see...

Gaza-Israel war: Implications for the GCC
GULF COUNTRIES · Report · 09 Oct 2023 · 1 response

* Normalization probably factored into Hamas’s motivations but wasn’t the primary driver. * Saudi normalization in the near term is now much less likely. * Qatar may be able to mediate a prisoner exchange, but ceasefire talks don't look imminent. * GCC-Iran reproachment will stall, not least b...

UN speaks out against Russia citizenship to people in East Ukraine
RUSSIA / FSU POLITICS · In Brief · 09 Oct 2023

On October 9 the UN said people in Russian-controlled Ukraine who do not accept Russian citizenship find it very hard to get public services, obtain and retain employment, healthcare and welfare. They are also at risk of being suspected of being Ukrainian agents. The UN described this as a human ...

BoI to sell FX, reduces likelihood of further tightening
ISRAEL · In Brief · 09 Oct 2023 · 1 response

The Bank of Israel announced a program to sell up to $30 billion in foreign exchange. The Bank will operate in the market during the coming period in order to moderate volatility in the shekel exchange rate and to provide the necessary liquidity for the continued proper functioning of the markets...

Green light for monetary tightening in the Philippines
PHILIPPINES · In Brief · 09 Oct 2023

As approved by the Philippines’ Land Transportation and Regulatory Board (LTFRB), a provisional increase of P1 took effect yesterday for public utility jeepneys nationwide. This brings the minimum jeepney fare from P12 to P13 for traditional type and from P14 to P15 for the modern version. LTFRB ...

Continued weak demand and output figures in August
HUNGARY · In Brief · 08 Oct 2023

Retail sales fell by 7.3% yoy in August, after an 8.1% yoy drop in July and an 11% yoy decrease in Q2. In relative terms, this sounds like a bit of improvement, but it is still very far from anything that would directly suggest that the economy was already growing in this period: Note: In volume ...

Copyright 2024 GlobalSource Partners. All rights reserved.