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The CCJ begins analysis of the Transition PEC, the STF should adjudicate the cases on the rapporteur amendments, and the House Committee on Public Security may vote on a salary raise for police officers
BRAZIL POLITICS · Report · 06 Dec 2022

The rapporteur of the PEC is Senator Alexandre Silveira (PSD-MG). The two-year period seems to be gathering a consensus in the National Congress, but the value remains undecided. Lula's (PT) allies put together an agreement for the PEC to be enacted by December 16. Tomorrow, the Supreme Federal C...

Latvia shuts Russian TV channel
RUSSIA / FSU POLITICS · In Brief · 06 Dec 2022

On December 6 Dozhd was closed down because it was allegedly threatens Latvian national security. The Latvian government cited several violations of the broadcasting rules by the Russian language channel. The last day on air will be December 8. The channel said that Crimea was Russian and the Rus...

Inflation quickened to 8%
PHILIPPINES · In Brief · 06 Dec 2022

The headline inflation rate rose to 8% in November, up from 7.7% in October. Price increases continued to show momentum with the month-on-month rate rising 0.9%, driven by both higher food prices, particularly vegetables, and services like public transport and restaurants. Core inflation similarl...

Russia political/pandemic update: life as an everlasting special operation
RUSSIA ECONOMICS · Report · 05 Dec 2022

Even though the COVID-19 pandemic no longer remains an issue in Russia, it still affects the country’s matters, albeit sometimes in a rather peculiar way, such as what happened recently in China and with the oil price. As the zero tolerance COVID policy in China and expectations of its weaker eco...

Politics: Dueling marches mark a new unofficial start to the 2024 presidential contest
MEXICO · Report · 05 Dec 2022

President López Obrador’s mass march in Mexico City November 27 was ostensibly to celebrate his fourth year in government and to help in gauge whether "the people are happy" with his supposedly transformative governing project. In reality, it was his response to the November 13 citizens' march in...

Economics: The AMLO government continues to pursue inefficient and costly policies on important fronts
MEXICO · Report · 05 Dec 2022

The programs prioritized by the current government have performed poorly according to multiple evaluations, including those of the public agency Coneval and the most recent INDEP tool for evaluating the effectiveness of social-development-related public programs that has been produced for several...

GDP is Decelerating, but the Labor Market Indicates a Narrow or Positive Gap
BRAZIL ECONOMICS · Report · 05 Dec 2022

The GDP result for the third quarter confirmed what was suggested by other indicators: the deceleration of growth is under way. After a brief analysis of the contributions of the forces acting on the supply and demand sides, and the signs sent by other indicators, we focus here on the evidence fr...

Can the number of demonstrations increase and other weekly topics
BRAZIL POLITICS · Report · 05 Dec 2022

The Senate begins the analysis of the Transition PEC. The PL caucus will decide who will run for the Senate presidency in February. The most likely candidate is former Minister Rogério Marinho. The Copom holds its final meeting of the year to decide on the basic interest rate (Selic). In the Judi...

Explosions at Russian air bases
RUSSIA / FSU POLITICS · In Brief · 05 Dec 2022

On December 5 there were explosions at 2 Russian air bases hundreds of km from the Ukrainian Border. At least 3 people have been killed and it was claimed that 2 nuclear capable bombers were damaged. The Defense Ministry has neither confirmed nor denied the report. The Astra Telegram news channel...

Fuel shortage has become serious, subsidised fuel prices will likely have to go
HUNGARY · In Brief · 05 Dec 2022

By last night, about a quarter of domestic petrol stations has run out of petrol and diesel, and the situation is threatening to get even worse. We have had this coming for a while. MOL, currently the only wholesaler of fuel in Hungary, has been saying for several months that its capacities are o...

The Transition PEC should be put to a vote in the Senate this week, the PL may launch Rogério Marinho’s candidacy for the presidency of the Senate, and the Copom will meet to decide on the Selic
BRAZIL POLITICS · Report · 05 Dec 2022

The report on the Transition PEC may be presented to the Committee tomorrow, December 6. Senate President Rodrigo Pacheco scheduled the vote in the Plenary for Wednesday, December 7. According to the leader of the PL, Senator Carlos Portinho (RJ), the most likely candidate for the presidency of t...

Recent indicators point to steady growth and PC demand
ISRAEL · Report · 05 Dec 2022

* Recent economic indicators point to steady growth, including private consumption, as well as hi-tech service exports. * The BoI revision of the Composite Index of the economy points to “continued growth of the economy”. * If this trend continues and November’s CPI does not surprise on ...

Inflation peaks, where to now?
TURKEY · Report · 05 Dec 2022

Consumer prices increased by 2.9%, m/m, in November, broadly in line with forecasts (consensus as well as ours), with the 12-month rate thus easing -- for the first time since May 2021 -- to 84.4%, from 85.5% in October. The PPI inflation recorded its lowest monthly reading in 29 months, rising b...

Russia Nobel Prize winner says Ukraine War cannot end by talks
RUSSIA / FSU POLITICS · In Brief · 04 Dec 2022

The laureates said at an awards ceremony in Germany that the war could not end through diplomacy whilst Putin is in office. Irina Scherbakova was the co-founder of the Russian human rights organization Memorial. But after Putin is gone there will be a negotiated peace she said but that requires U...

Recent indicators point to steady growth and PC demand
ISRAEL · In Brief · 04 Dec 2022

Recent indicators have been positive In August-October, credit card purchases (real) increased by 4.1% saar (trend data) following growth of 3.5% in the previous three months. Initial real-time data (through 21.11) point to growth of 2.5%-3% m/m in November. In the past three months, chains store...

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