Services

COUNTRY INSIGHTS

US Interest Rates and the Brazilian Exchange Rate
BRAZIL ECONOMICS · Report · 22 Jan 2024

Since 2022, the movements of the Real have closely followed the variations of the Dollar Index, which in turn reflects betting on the movements of the fed funds rate. Although the market wager on an early start of the easing cycle in the United States was strengthened by the comments of Jerome Po...

The fiscal balance issue and other weekly topics
BRAZIL POLITICS · Report · 22 Jan 2024

Although there are no public meetings scheduled, the leaders of the National Congress, especially those in the House, are discussing payroll tax relief. This will be a busy week concerning industrial policy, with negotiations around the taxation of imported steel and the publication of the 2024-2...

Economic landscape in 2024 should be more manageable, yet not without risks
DOMINICAN REPUBLIC · Forecast · 22 Jan 2024

The Dominican Republic experienced both commendable and less favorable outcomes in 2023. The inflation target was achieved in 2023 with a rate of 3.57%, less than half the rate of 2022. But GDP growth is estimated to have ended the year at around 2.3%, possibly the fourth-lowest growth rate since...

Public servants hold strikes, the steel sector calls for a higher tax on imported steel, and the government is expected to sanction the 2024 Budget today
BRAZIL POLITICS · Report · 22 Jan 2024

The fact that the government did not include a salary raise for federal public servants in this year's budget has caused some dissatisfaction, and strike movements are beginning to gain strength. The government has not yet addressed the issue, but negotiations are underway. The government will me...

Governor Yaron appears satisfied by the fiscal adjustments recently approved in the Cabinet
ISRAEL · Report · 22 Jan 2024

1. The Governor appears cautiously optimistic regarding the recent fiscal adjustments approved in the Cabinet. 2. Inflation declined sharply in Q4 due to the impact of the war, but is likely to rise when hostilities diminish. 3. The labor market remains tight (with the number of officiall...

Politics: Xóchitl gains traction as quiet interlude begins, MC nominee stumbles out of the gate as AMLO fences Claudia in
MEXICO · Report · 22 Jan 2024

Now that we have reached the end of the period of campaigning for presidential nominations, it is worth assessing where the race stands. Following months of missteps, the opposition front’s Xóchitl Gálvez hit her stride with a series of successful events just as this period was drawing to a close...

Governor Yaron appears satisfied by the fiscal adjustments
ISRAEL · In Brief · 22 Jan 2024

Politics/fiscal: The government approved a 16bn ILS fiscal adjustment plan for 2024, with higher taxation in 2025. The fiscal trimming in 2024 includes a 5% across-the-board fiscal cut, a higher cigarette tax and other measures. The Defense budget will increase by an additional 55bn. The Bank of ...

Good tidings, we have another crisis
TURKEY · Report · 21 Jan 2024 · 2 responses

Good tidings from Turkey, which after a hiatus of two and half weeks conjured up another “crisis” involving the CBRT Governor Ms. Hafize Gaye Erkan and her family. She is facing charges of nepotism and using Bank resources for personal use. This is a rapidly evolving story, which is difficult to ...

Growing protests in Russian ethnic minority region
RUSSIA / FSU POLITICS · In Brief · 21 Jan 2024

Protests in Bashkortostan started on January 17 when a peace and environmental activist was sentenced to 4 years in jail for extremism. Hundreds of young men pelted the police with snowballs.  Protests started in a small city but on January 19 spread to the regional capital, Ufa. 1,500 people dem...

Protestors block Ukrainian trucks from entering Romania
RUSSIA / FSU POLITICS · In Brief · 20 Jan 2024

On January 18 2024 the truckers and farmers stopped Ukrainian trucks entering the country. They did this at all three crossings between Romania and Ukraine. The protests are about subsidies paid to farmers, forgiving loans and the fact that so many Ukrainian trucks are coming that it slows down R...

GULF WEEKLY: Kuwait forms government, Qatar says green bond soon, Netanyahu rejects US/Arab two-state solution proposals, Iranian missiles hit targets in three countries
GULF COUNTRIES · Report · 19 Jan 2024 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * Oil rose back towards $80, and OPEC sees oil demand growing by 1.8m b/d in 2025. * Netanyahu rejected talk of a Palestinian state after the war, despite Arab and US proposals. * China called for a binding roadmap to a Pal...

Webinar replay - Colombia in 2024: Fiscal, Inflation, Reforms and Politics
COLOMBIA · Report · 19 Jan 2024 · 2 responses

Watch the replay of our webinar featuring GlobalSource Partners' Colombia Analysts Juan Carlos Echeverry, Andres Escobar and Mauricio Santa Maria as they discuss Colombia's macro and political outlook in 2024.

Lira met with Haddad to discuss the payroll tax issue, Lula criticized the business sector for supporting the payroll tax exemption, and Monday is the deadline for the government to sanction the 2024 Budget Law
BRAZIL POLITICS · Report · 19 Jan 2024

Last night, the Minister of Finance, Fernando Haddad (PT), met with the president of the House, Arthur Lira (PP-AL), to discuss this issue. The government is trying to confirm the plan that foresees the revocation of the provisional measure that resumes the payroll tax. Yesterday, President Lula ...

TOPIC OF THE WEEK: Inflation to remain subdued in 2024
CAUCASUS / CENTRAL ASIA · Report · 19 Jan 2024

Inflation fell in all CCA countries in 2023 despite above-average economic growth. Average price growth almost halved, from 10.0 percent in 2022 to 5.4 percent in 2023. The key reason for this downward-sloping trajectory was the sharp decline in food prices, which account for a share of the consu...

Decent economic performance in 2023
KAZAKHSTAN · In Brief · 18 Jan 2024

The Bureau of National Statistics reported that in 2023, the short-term indicator (a monthly proxy for GDP covering about 60% of activity in the main segments of the economy) grew by 5.1%, implying that the country’s GDP could have expanded by over 5%. In 9M23, GDP grew by 4.9% y-o-y. The industr...

Copyright 2025 GlobalSource Partners. All rights reserved.