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Today is the last day for electoral advertising on radio and TV, the final presidential debate will be held tonight at 9:30 p.m., and we should have the result of the election on October 30 around 8 p.m.
BRAZIL POLITICS · Report · 28 Oct 2022

Today is the last day of electoral advertising on TV and radio. And tonight, at 9:30 p.m., the last debate between Lula and Bolsonaro is scheduled. It will be held on TV Globo. The debate is unlikely to bring about major changes in the intended votes. Bolsonaro will go into the debate with more p...

The CBR keeps the key rate unchanged
RUSSIA ECONOMICS · In Brief · 28 Oct 2022

The Central bank decided to keep the key rate at 7.5% but acknowledged that inflationary pressure remains low. In reality, Russia had m-o-m deflation for three consecutive months in the summer. In September, deflation ended, and CPI grew by 0.05% m-o-m. Inflation y-o-y fell to 13.7%. Rosstat repo...

The National Congress won’t matter to economic prospects as much as many think
CHINA FINANCIAL · Report · 28 Oct 2022

Special points to highlight in this issue: * The leadership choreography of the National Congress left many people – both Chinese and foreign – increasingly worried about the economic outlook for China. While I have always expected a sharp slowdown in the years ahead and a very difficult adjus...

Webinar replay: Turkey - The election of our discontent
TURKEY · Report · 28 Oct 2022

Visit our calendar page to watch the replay of our webinar, "Turkey - The election of our discontent" for an analysis of the country's political reality and the likely economic ramifications of the coming events.

Putin asks the IAEA to come to Ukraine
RUSSIA / FSU POLITICS · In Brief · 28 Oct 2022

On October 26 Putin said the International Atomic Energy Authority (IAEA) should come to Ukraine to inspect nuclear sites. He repeated his accusation that Ukraine is planning to use a dirty bomb. The speech came at the Valdai Discussion Club. He claimed that Ukraine is trying very hard to conceal...

Kazakhstan political economy: on the way toward diversification
KAZAKHSTAN · Report · 27 Oct 2022

Snap presidential elections will be held in Kazakhstan on November 20, in which six candidates will participate. However, it is almost clear that the current head of the state, Mr. Tokaev, will win. According to the polls conducted by the Institute of Eurasian Integration, Mr. Tokaev as president...

EU price cap on Russian energy sparks wrath
RUSSIA / FSU POLITICS · In Brief · 27 Oct 2022

On October 27 the head of Rosneft said that the price cap on Russian oil and gas is increasing American dominance and undermining the independence of European countries. Rosneft said that EU countries will become overdependent on US energy. G7 countries have agreed to a price cap on Russian energ...

The issue regarding Bolsonaro’s radio ads continues, Minister Alexandre de Moraes denied Bolsonaro’s request to investigate the issue, and the PL said that it would go “as far as it can” to resolve this issue
BRAZIL POLITICS · Report · 27 Oct 2022

The issue regarding radio stations’ allegedly not broadcasting President Jair Bolsonaro's advertisements continues to cause repercussions. Yesterday, the president of the Superior Electoral Court (TSE), Alexandre de Moraes, denied the President's request to investigate the alleged issues regardin...

Slide Presentation: Turkey - The election of our discontent
TURKEY · Report · 27 Oct 2022 · 2 responses

Access the slide presentation from the GlobalSource Partners webinar "Turkey - The election of our discontent" to get insight into Turkey's pre and post-election outlook, the country's political reality, and the likely economic ramifications of the coming events.

Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 27 Oct 2022

Oct 14 Samruk-Kazyna: The IPO of the Kazakh airline Air Astana is planned for 2023-2024 President: Mr. Tokayev sees the potential for an increase of Kazakhstan's exports to Central Asian states by $1 bln, to Russia by more than $1 bln annually Oct 15 President: Kazakhstan is ready to increase gas...

The Russian industrial growth to be in the red in 2022
RUSSIA ECONOMICS · In Brief · 26 Oct 2022

Rosstat reported that the Russian industrial output was up by 0.4% y-o-y in 9M22. Even though y-o-y growth was less negative in 3Q22 (-1.3%) than in 2Q22 (-2.5%), it looks as though in 4Q22, the contraction is likely to deepen, and in 2022 as a whole, industrial output will contract. In September...

Russia holds nuclear drills
RUSSIA / FSU POLITICS · In Brief · 26 Oct 2022

On October 26 the Kremlin said that strategic nuclear deterrence forces are holding drills. Putin was shown supervising them from a control room as they drills took place in the Barents Sea and the Russian Far East. The Defense Minister said this simulated a massive nuclear attack to retaliate ag...

200,000 foreigners seek Kazakh ID numbers
RUSSIA / FSU POLITICS · In Brief · 26 Oct 2022

On October 26 it was announced by the Kazakh government that these foreign citizens are seeking a Kazakh ID so they can open bank accounts, ever since September 21, when Russia called up to 300,000 draftees. Most of the 200,000 are Russians and Belarusians. Kazakhstan has a very long border, and ...

Adjustment, recession and disinflation
HUNGARY · Forecast · 26 Oct 2022

Preparing a well-argued, credible macro forecast is a highly challenging task these days because of the unusually high risk associated with geopolitical factors. Regarding the latter, we treat a further major escalation of the Ukrainian war, and a fundamental destabilization of Europe’s energy si...

SA Medium Term Budget Policy Statement (MTBPS)
SOUTH AFRICA · In Brief · 26 Oct 2022 · 1 response

In today's much anticipated Medium Term Budget Policy Statement, South Africa's Minister of Finance tabled a medium term strategy meant to deal with some of the country's chronic fiscal uncertainties. Amongst them were Eskom's massive R400 billion debt, the Public Sector wage bill, the rising pre...

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