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Events
Databanks
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Argentina databank Apr 30 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank Apr 28
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 9
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank Jan 28
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
NEWS FLASH
UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...
COUNTRY INSIGHTS
Peru: Castillo is ousted
PERU · In Brief · 07 Dec 2022 · 2 responses
A few minutes ago Congress voted former president Castillo impeachment and was approved by 101 votes, more than the two-thirds needed (87 votes). This followed Mr. Castillo decision a few minutes before mid-day to shut down Congress, restrict rights, impose curfew from 10pm to 4am, and called a C...
The National Fund grew in 11M22 despite increased transfers to the budget
KAZAKHSTAN · In Brief · 07 Dec 2022
Kazakhstan’s Ministry of Finance reported that the National Fund grew in 11M22 to around KZT28.6 trillion ($60.8 bn) from KZT28.0 trillion as of January 1. In dollar terms, the National Fund decreased, as it stayed close to $64.4 bn at the beginning of the year. As the tenge weakened from around ...
Inflation jumps in the first days of December due to the rise of regulated tariffs
RUSSIA ECONOMICS · In Brief · 07 Dec 2022
Rosstat reported that in seven days ending on December 5, inflation w-o-w jumped to 0.58%, an unprecedented level after months of deflation in the summer and slow inflation in October. It is not yet clear what the final inflation print in November will be (to be published on December 9). Though g...
The CCJ approved the report on the Transition PEC, the Senate should vote on the proposal today, and the STF may adjudicate the cases on the rapporteur’s amendments
BRAZIL POLITICS · Report · 07 Dec 2022
Senator Alexandre Silveira's (PSD-MG) report on the Transition PEC increases the spending ceiling by R$ 145 billion for two years to pay for the Bolsa Família program and removes up to 6.5% of extraordinary revenues from the ceiling. The elected government is hoping to complete the vote in two ro...
The politics of Covid in China
CHINA ADVISORY · Report · 07 Dec 2022
China’s current management of Covid measures points to a leadership vacuum, narrow thinking, and general bad management. More broadly, as the country’s medical and economic problems mount, the shortcomings of the Xi Jinping regime’s political management style are going to become more apparent, wi...
Santa Claus brought higher fuel prices to households this year
HUNGARY · In Brief · 07 Dec 2022
In Hungary (and much of Central Europe), it is Little Jesus who takes responsibility for Christmas gifts to children. Santa Claus has a separate day, which is December 6, to deliver his presents. This year, Santa had a special gift for local families. Last night, a press conference was held at 22...
Putin discusses security with team due to renewed attacks on Russia
RUSSIA / FSU POLITICS · In Brief · 07 Dec 2022
On December 6 Putin discussed the issue with his Security Council at the Kremlin. More drone attacks hit Russia on December 6, this time in the Kursk Region. This came a day after two attacks deep inside Russia. Putin's spokesman assured the public that the government was doing what was needed to...
After being sentenced, CFK announces that she will not run in 2023
ARGENTINA · In Brief · 06 Dec 2022
Today, the judges of the second federal oral court, found Cristina Fernández de Kirchner guilty of fraudulent administration in determent of the State. After three years of public trials, she received a 6-year prison sentence, in addition to a perpetual disqualification to exercise public office ...
If FDI can’t sub for oil, we’ll need to live on remittances instead
COLOMBIA · Report · 06 Dec 2022 · 1 response
GDP growth posted a strong 7% result in Q3. Yet across most sectors (except for oil & mining and construction), growth keeps losing momentum. Manufacturing and commerce are losing steam. Public administration spending plunged, which does not help growth but might be good news for fiscal results. ...
South Africa’s economic growth rebounds at 1.6% in Q3 2022
SOUTH AFRICA · Report · 06 Dec 2022 · 1 response
As expected, the South African economy rebounded from the second quarter’s contraction of -0.7% q/q to record a growth rate of 1.6% q/q during the third quarter of 2022. However, the rate of growth surprised on the upside. The expansion in the country’s real GDP came on the back of a recovery in ...
Hungary vetoed EU borrowing for Ukraine, no decision on Hungarian matters today
HUNGARY · In Brief · 06 Dec 2022
The following screenshot, from a Twitter post by a Green Party member of the European Parliament, one of the leading critics of Hungary's Fidesz government there, shows finance minister Varga who, by saying what he is quoted here to have said, essentially vetoed the EU's common borrowing action f...
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...