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Economics: Social spending for 2023 to have scant effect on narrowing the social gaps
MEXICO · Report · 27 Sep 2022

The López Obrador government’s spending bill proposal for 2023 is consistent with those of his first three years in that it proposes major increases in the current administration’s priority programs, programs that have revealed zero targeted impact on reducing social gaps. Likewise, significant f...

Slide Presentation: Mexico - Polls and policies
MEXICO · Report · 27 Sep 2022

Access the pdf fil​e of the presentation​ from the GlobalSource Partners webinar "Mexico: Polls and Policies". Following the latest GEA-Isa political proprietary poll, Mauricio González and Guillermo Valdes discussed the implications of the poll and how Mexico's 2023 budget and economic plan will...

Politics: More poll numbers ahead of 2024 and turbulence within the opposition camp
MEXICO · Report · 26 Sep 2022

We are following up on last week’s introduction to the latest GEA-ISA quarterly poll of registered voters with a few more results that shed further light on the voting preferences of a public that is growing increasingly critical of current policy and pessimistic about the direction the country i...

A second round is still the most likely scenario and other weekly topics
BRAZIL POLITICS · Report · 26 Sep 2022

This is the last week before the election. Advertising on radio and TV runs until Thursday, September 29. On that same day, TV Globo will hold the final debate between the candidates for the Presidency of the Republic. The first round of the elections will be held on October 2. A series of state ...

Kazakhstan macro: budget is stable despite amendments as revenue collection is strong
KAZAKHSTAN · Report · 26 Sep 2022

Budget execution statistics in 8M22 show that the country’s fiscal situation remains good enough despite the amended revenues and various shocks Kazakhstan has experienced in recent months. They indicated that the economic situation looks good, as well. Apart from high KZT volatility in 2Q22, the...

The market wants to hear good news - so let us give them some
HUNGARY · In Brief · 26 Sep 2022

Somehow it appears to us that the MNB has made a great deal of improvement in understanding and using psychology at recent times. This time around, it was a statement by vice governor Virág a few days ago, in which he said that among other stuff, the Monetary Council will discuss tomorrow the pro...

Kazakhstan ex-president's nephew
RUSSIA / FSU POLITICS · In Brief · 26 Sep 2022

Kairat Satybaldy was sentenced to 6 years of imprisonment. He is also now forbidden from holding positions in the civil service or the National Bank or any company where the state owns over 50%. He was arrested in March 2022 and his sentence is counted as having started then. He is a major genera...

This is the last week before the election, the first round of the election will take place on Sunday, October 2, and TV Globo will hold the final presidential debate on Thursday, September 29.
BRAZIL POLITICS · Report · 26 Sep 2022

This is the last week before the election. Advertising on radio and TV runs until Thursday, September 29. The same day, TV Globo will hold the final debate between the candidates for the Presidency of the Republic. So far, all the main candidates are likely to attend. This will be a decisive week...

Some signs of slowing growth could tilt the rate decision towards 0.5%
ISRAEL · Report · 26 Sep 2022

1. Recent economic indicators point to some growth deceleration, despite strong business confidence. 2. This soft data could tilt the next rate decision (Oct 3) towards a 0.5% hike, but 0.75% remains a strong possibility in light of global “frontloading”. 3. With inflation y/y likely to rem...

The current account surplus widens in 2Q22
KAZAKHSTAN · In Brief · 26 Sep 2022 · 1 response

The National Bank of Kazakhstan reported that the country’s current account surplus widened in 2Q22 and reached $4.135 bn. In 1Q22, it was at $2.512 bn. Hence this surplus reached $6.647 bn in 1H22. In 2021 the current account was in deficit each quarter, and its annual deficit was at $5.737bn. N...

Russian anti-draft protestors drafted
RUSSIA / FSU POLITICS · In Brief · 25 Sep 2022

Since the mobilization of 300,000 reservists was announced on September 23 there have been protests in several Russian cities. The police have arrested protestors, and in the cases of young men, handed them draft notices. The police confiscate the passport of the detainee and then use the informa...

All about the ToS and reserves
TURKEY · Report · 25 Sep 2022 · 5 responses

CHP leader Kilicdaroglu slammed his fist on the table loudly, roaring that the buck stops there. He was reacting to endless sniping among members of the Table of Six (ToS) and growing doubts among pro-opposition intellectuals and media outlets about the capacity of the ToS to nominate a unified c...

Uzbekistan blocks Russian payment system
RUSSIA / FSU POLITICS · In Brief · 24 Sep 2022

On September 23 the Central Asian country stopped the Mir payment card. Over half the Russian population holds such a card. Mir is accepted by Belarus, Armenia, Kyrgyzstan, Tajikistan and Vietnam. It is thought that Uzbekistan stopped Mir because of the fear of secondary sanctions. Uzbekistan has...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 23 Sep 2022

The decision to call referendums in Donbas and neighboring regions and the announcement of partial mobilization in Ukraine pushed the Russian financial market significantly lower. As a result, the yield for 10-year OFZ moved to double-digit territory, for the first time since the end of May, whil...

A race for gas in Europe
HUNGARY · Report · 23 Sep 2022

Europe’s short-term economic success currently hinges on to what extent and at what price the western side of the continent will be able to secure the amount of natural gas it needs for the upcoming winter. This is a fundamental political, growth and price stability issue at the same time, as gas...

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