NEWS FLASH

UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...

Economics: Manufacturing exports face complicated prospects with a strong MX peso and a stalling economy
MEXICO · Report · 21 Feb 2023

The peso has performed strongly since last July, rallying almost 23% from its weakest pandemic level to an average 18.7/USD pesos in the first half of February. While the government has claimed credit for this relative strengthening and tried to position the currency as an indicator of economic s...

Politics: Glaring design flaws allow government and many others to disregard court rulings
MEXICO · Report · 21 Feb 2023

When a Yucatan judge recently ordered a halt to all felling of trees and clearing of land to accommodate an especially controversial leg of the federal government’s Maya Train line, the government quickly made it clear that it would continue to plow through the jungle. It was not the first time t...

Special Report: Economic Priorities in Post-war Ukraine
UKRAINE · Report · 21 Feb 2023

The CASE Center for Social and Economic Research has just finished a report “Economic Priorities in Post-war Ukraine”. A group consisting of ourselves and other economists has been working on this over the last 8 months, and it is fundamental research on the issue of post-war recovery. Unlike ot...

BAHRAIN: Finances improve in 2022 but still fall short of a surplus
GULF COUNTRIES · Report · 21 Feb 2023 · 1 response

Bahrain's deficit narrowed to -1.1% of GDP as expenditure rose by less than inflation and oil revenue surged 36% y/y. However, oil revenue growth was held back by lower production, and non-oil revenue continues to undershoot fiscal balance plan targets. The deficit is likely to widen in 2023, and...

GDP down by a mere 2.1% in 2022
RUSSIA ECONOMICS · In Brief · 21 Feb 2023

Rosstat reported that Russian nominal GDP reached R151.5 trln in 2022 (over $2.2 bn). In real terms it contracted by 2.1% while in dollar terms it grew significantly as high inflation inflated the nominal GDP number, and the ruble appreciated against the dollar in average annual terms. It is not ...

Biden in Kyiv
RUSSIA / FSU POLITICS · In Brief · 20 Feb 2023

On February 20 the US President made an unannounced visit to Ukraine. He assured the Ukrainians of unwavering American support. He also announced USD 500 million of additional arms deliveries. This will mostly be shells, howitzers and anti tank missiles. Biden met Zelensky at the Presidential Pal...

Rates move 0.5% up to 4.25%
ISRAEL · In Brief · 20 Feb 2023

The Bank of Israel raised rates by 0.5% noting that growth remains robust (with some softening of business expectations), the labor market tight (with some moderation in recent months). The BoI noted the increased volatility the shekel exchange rate. Inflation remains broad-based, and inflation e...

Tough Times
TURKEY · Report · 19 Feb 2023

The politics author updates his election scenarios with the limited benefit of information or data from the quake zone. His single essay in the Weekly has been titled “impressions”, because there are huge gaps in his understanding of what is transpiring in the quake zone and how it might affect v...

Ukraine's backers told to speed up arms deliveries
RUSSIA / FSU POLITICS · In Brief · 19 Feb 2023

On February 18 the representatives of dozen countries met in Munich, Germany for a security conference. NATO and EU countries were represented but so was China. The NATO chief said that if Russia wins the consequences will be cataclysmic. Jens Stoltenberg said that a Russian victory would embolde...

US accuses Russia of crimes against humanity
RUSSIA / FSU POLITICS · In Brief · 18 Feb 2023

On February 18 the Vice President of the US made the accusation. It is the first time that the US government has formally alleged this. Kamala Harris cited attacks on civilians as part of this. Harris was speaking at the Munich Security Conference. Several world leaders were in attendance. Harris...

Russia and China: Any possible conflicts of interest?
RUSSIA / FSU POLITICS · Report · 17 Feb 2023

The rising tension between the western powers and the illiberal regimes of Russia, China and Iran, brought to new heights by the war in Ukraine, among other events, requires deeper analysis of the relationships between these powers. The growing relationship between Russia and China in particular ...

The government officially initiates debate ahead of the election, with rising inflation as a background
ARGENTINA · Report · 17 Feb 2023

On February 16, President Alberto Fernández (AF) formally initiated the government’s internal debate on what electoral strategy it will adopt for the upcoming elections. Effectively, the debate is about who will run as a presidential candidate in the primaries and what will be the coalition forma...

GULF WEEKLY: Strong Abu Dhabi GDP, Qatar inflation cools, PIF invests in Oman IPO
GULF COUNTRIES · Report · 17 Feb 2023

A skimmable summary overlaid with our analysis and links. Headlines: * The Saudi energy minister affirmed that he expects OPEC+ quotas to remain unchanged all year. * Iran’s president visited China while the US met with the Gulf states to discuss integrated security. * Saudi Arabia sent earthq...

Webinar Replay: Earthquake Aftermath - A new roadmap for Turkey
TURKEY · Report · 17 Feb 2023

Following the tragic loss of life and destruction brought by the magnitude 7.8 earthquake that shook Turkey and neighboring Syria on February 6th, get insight into the impact of the earthquake and Turkey's path for recovery. Visit our calendar page to watch the replay of our webinar featuring Mur...

Webinar replay: Ecuador's February elections - A critical political thermometer
ECUADOR · Report · 17 Feb 2023

What do the results of the Ecuador's constitutional referendum and local elections indicate about the national trends and how will they affect the macroeconomic outlook? Visit our calendar page to watch the replay of our webinar featuring Magdalena Barreiro as she discusses what the elections and...