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Events
Databanks
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Argentina databank Nov 7 -
Brazil Economics databank Nov 15
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Central America databank Nov 27
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Chile databank Oct 23
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China databank Mar 21
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Colombia databank Nov 6
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Dominican Republic databank Nov 20
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Ecuador databank Oct 23
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Gulf Countries databank Nov 22
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Hungary databank Nov 21
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India databank Nov 26
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Mexico databank Nov 15
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Panama databank Sep 11
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Peru databank Oct 15
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Philippines databank Nov 8
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Russia Economics databank Nov 13
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South Africa databank Nov 1
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Turkey databank Sep 18
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Ukraine databank Nov 12
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Venezuela databank Nov 5
NEWS FLASH
UPCOMING WEBINAR - LATIN AMERICA IN 2025: HOW WORRIED SHOULD WE BE?...
COUNTRY INSIGHTS
Economic activity stagnates in the third quarter
TURKEY · Report · 30 Nov 2022 · 1 response
Economic activity was broadly unchanged over the previous quarter in Q3 (-0.1%, q/q), largely in line with expectations, down from (slightly downwardly revised) 1.9% in Q2, while it expanded by almost 4% over the same quarter of previous year (Graph 1).
The Transition PEC was officially submitted to the Senate yesterday, the rapporteur of the 2023 Federal Budget submitted his report yesterday, and the Transition Team's technical groups are expected to publish their first sectoral reports today
BRAZIL POLITICS · Report · 30 Nov 2022
An amendment to the PEC has already been presented by Senator Orioviste Guimarães, from the Podemos. He proposes a total of R$ 80 billion of expenses outside of the spending ceiling for one year. Next week, the Senate is expected to conclude voting on the PEC. Yesterday, Senator Marcelo Castro (M...
Russia blames US for Russian refusal to attend arms talks
RUSSIA / FSU POLITICS · In Brief · 30 Nov 2022
On November 29 Russia said that American ill-will was the cause of Russia's refusal to attend scheduled arms talks with the US on December 29 in Egypt. Russia has postponed them sine die. The talks were the New Start START - Strategic Arms Reduction Treaty. A Russian Foreign Ministry spokeswoman ...
The economy heads down while politicians head nowhere
CHILE · Report · 29 Nov 2022
National accounts for Q3 2022 corroborate the weakening trend in economic activity. While in H1 2022 economic activity was stagnant, in Q3 seasonally-adjusted GDP fell, to its lowest level since Q2 2021. Investment reverted the decline of Q1 2022, returning to Q4 2021 levels. By contrast, househo...
Growth moderating, with inflation trend mixed
CENTRAL AMERICA · Report · 29 Nov 2022
El Salvador’s economic evolution continues along the lines we forecast in our outlook revision of September 2022. Inflation is still high, but slowly descending. Economic activity estimated by the Central Bank’s monthly index has decelerated from the highs of H1 2021, and stopped falling in H2 20...
The EU Commission is set to come forward with its proposal on the Hungarian rule-of-law procedure tomorrow
HUNGARY · In Brief · 29 Nov 2022
The widespread current expectation is that the Commission will propose to freeze Hungary's access to 65% of its transfer (= development grant) quotas under three major cohesion policy programs of the EU's common budget for 2021-2027, in a total value of €7.5bn. This would be the same proposal as ...
The Transition PEC has been officially submitted, the Joint Budget Committee will hold a public hearing on the 2023 Federal Budget, and Lula decided to have Haddad look over the Transition Team’s working group on the economy
BRAZIL POLITICS · Report · 29 Nov 2022
According to the text of the PEC, the Auxílio Brasil would be removed from the spending ceiling for four years. The total value is around R$200 billion. By submitting the PEC, the elected government is handing Congress the responsibility of defining the text. It is very unlikely that the PEC will...
Politics: Major political reform may be off the table but AMLO sustains his assault on the INE
MEXICO · Report · 28 Nov 2022
It’s a foregone conclusion that President López Obrador will not succeed in passing his political reform constitutional amendments through Congress this year or any time before he leaves office. He has failed to line up enough votes, and if there was any doubt whether the PRI might once again sup...
Primaries, talks and Maduro’s diplomacy
VENEZUELA · Report · 28 Nov 2022
Two events that have been on the radar for months finally happened. On November 26, the Maduro government and the opposition signed their first agreement in Mexico, and the U.S. Treasury's Office of Foreign Assets Control (OFAC) issued license 41 expanding the scope of Chevron's operations in Ven...
Economics: Results in November may suggest the recovery is peaking as major risks loom
MEXICO · Report · 28 Nov 2022
Economic news published in November delivered numerous readings of economic activity in Mexico that proved to be much stronger than expected, beginning with a 4.3% yoy surge in third quarter GDP. While manufacturing continued to contribute significantly, thanks to the bounce seen in US GDP and in...
Kazakhstan and Russia affirm their friendship
RUSSIA / FSU POLITICS · In Brief · 28 Nov 2022
On November 28 Putin met the Kazakh President in Moscow. President Tokayev signed an agreement. Tokayev has just been re-elected to serve a 7 year term. He is constitutionally barred from seeking another term after this one. This is his first visit since the election and that in itself is telling...
The future governing coalition and other weekly topics
BRAZIL POLITICS · Report · 28 Nov 2022
This will be a decisive week for the Transition Constitutional Amendment Proposal (PEC). Lula is expected to start announcing the names of his ministerial team. On December 2, the Working Group created by Minister Gilmar Mendes to discuss the constitutionality of the ICMS reduction concludes its ...
Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 28 Nov 2022
Four weeks after the runoff election, in the midst of serious uncertainties, some hints have emerged of what can be expected of the new government. An important one is that the PT has changed very little with the passage of time. Lula continues to centralize decisions in his hands, which deters t...
The Transition PEC must be put to a vote this week to be enacted by December 15, the Joint Budget Committee will hold a public hearing on the 2023 Federal Budget tomorrow, and the Transition Team will publish the first sectoral reports on November 30
BRAZIL POLITICS · Report · 28 Nov 2022
The probability is for Transition Constitutional Amendment Proposal (PEC) to be valid for less than four years and provide less than R$150 billion, as proposed by the PT. In Congress, the preference is for a value of up to R$100 billion for just one year. For the proposal to be enacted by Decembe...
Russia preparing bomb shelters
RUSSIA / FSU POLITICS · In Brief · 28 Nov 2022
On November 26 Russian media reported that the government is inspecting bomb shelters. Bomb shelter signs are going up on streets particularly in the Belgorod Region, which borders Ukraine. In Rostov-on-Don, shelter signs have been erected. Civil defense is being put into a high state of readines...