Services

NEWS FLASH

UPCOMING WEBINAR - LATIN AMERICA IN 2025: HOW WORRIED SHOULD WE BE?...

Learn More

COUNTRY INSIGHTS

Bolsonaro made commitments regarding next year's Budget, Mara Gabrilli has been announced as Senator Simone Tebet’s VP, and the tense climate between Bolsonaro and the STF continues
BRAZIL POLITICS · Report · 03 Aug 2022

Bolsonaro said that he has already talked and agreed with the Minister of Economy, Paulo Guedes, about correcting the personal income tax table. He also stated that he would be able to maintain the R$ 600 payments of the Auxílio Brasil program in 2023. As expected, Mara Gabrilli, from the PSDB of...

July inflation lower than expected, but no cause for cheer
TURKEY · Report · 03 Aug 2022

Consumer prices rose by 2.4%, m/m, in July, notably lower than the market consensus of around 3% and our slightly higher forecast. Our forecast error largely stemmed from higher inflation assumptions in transportation, housing and to a lesser extent, hospitality sub-categories. The 12-month rate ...

West and Russia sanction each other
RUSSIA / FSU POLITICS · In Brief · 03 Aug 2022

On August 2 the US sanctioned a large Russian metal company MMK Metalurji and Putin's reputed lover Alina Kabaeva. Kabaeva has had her visa cancelled. She is a member of the Russian Parliament and head of the National Media Group. Anti-corruption campaigner Aleksei Navalny has long requested sanc...

Inflation in July slows m-o-m and rises y-o-y
KAZAKHSTAN · In Brief · 02 Aug 2022

PAGE BREAK Kazakhstan’s Bureau of national statistics reported that inflation m-o-m slowed to 1.1% from 1.6% in June and 1.4% in May, but in y-o-y terms, inflation increased by 15.0%, prompting the National bank to raise its base rate. Inflation YTD reached 11.7%. In the food segment, inflation i...

What to do about dry leather
VENEZUELA · Report · 02 Aug 2022

Legend has it that President Antonio Guzmán Blanco, during one of the three separate presidential terms he served in the late 19th century, likened Venezuela to "a piece of dry leather”: just as soon as you manage to flatten out one edge with your foot, another edge will curl up. (The Spanish ori...

Russia political pandemic update: Russia-West stand-off to intensify
RUSSIA ECONOMICS · Report · 02 Aug 2022

It looks as though after more than five months of the "special military operation" in Ukraine, more time is needed either to sort out issues associated with the everlasting dispute between Russia and the West (the US in particular) or to just cut off relations with the “collective West.” The Russ...

A series of provisional measures will be analyzed in the House, Senator Simone Tebet’s VP may be announced today, and the Copom meets to decide on the new interest rate
BRAZIL POLITICS · Report · 02 Aug 2022

On Wednesday, the Senate is expected to vote on the provisional measures that may be put to a vote in the House today. Among them are MP nº 1.108/22, which regulates teleworking; and MP nº 1,109/22, which authorizes the adoption of different labor rules in situations of states of emergency. Senat...

Economics: Various domestic factors and US slowdown prompt revision of 2022 and 2023 estimates
MEXICO · Report · 01 Aug 2022

So far this year, the international economy has been rocked by a range of factors including mounting inflation, with especially pronounced gains in the prices of foods, energy and other commodities, higher interest rates than had been anticipated, uncertainty, and financial market volatility. The...

Politics: Morena seeks to shore up its support and internal organization ahead of 2024
MEXICO · Report · 01 Aug 2022

Riding high on President Andrés Lopez Obrador’s popularity, his Morena party is doing everything possible well ahead of the 2024 elections to shore up its internal organization, put its house in order and be in the best possible condition to ride to victory at the polls. There are several pillars...

Costa Rica: Revision of the Monetary Policy Report for 2022-2023
CENTRAL AMERICA · In Brief · 01 Aug 2022

The Central Bank of Costa Rica released the third revision of the Monetary Policy Report for 2022-2023 on July 29th. Based on indicators of the first semester, the Bank maintained its GDP growth forecast for 2022 but revised downward the figure for 2023. Real GDP will expand 3.4% y/y in 2022, dri...

Second-round simulation trends and other weekly topics
BRAZIL POLITICS · Report · 01 Aug 2022

Congress and the Judiciary resume activity this week. President Jair Bolsonaro has until August 4 to sanction the national nursing salary floor. Friday, August 5, is the deadline for party conventions. The Central Bank will decide on the basic interest rate. This week's Talking Points: ...

Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 01 Aug 2022

If the election were held today, Lula would win in the first round with 52% of the votes versus Bolsonaro with 32% according to the most recent Datafolha survey. Much can change in the 60 remaining days, but as things stand now, Lula has a commanding lead. In the international arena, after five m...

Expansion, with inflation
CENTRAL AMERICA · Report · 01 Aug 2022

Costa Rica presented a mixed picture during H1. On the positive side, the economy displayed good economic activity momentum; fiscal accounts kept improving, despite the attack by Conti; credit in domestic currency expanded nicely; and nearshoring remained strong. On the negative side, the country...

Food ship leaves Ukraine
RUSSIA / FSU POLITICS · In Brief · 01 Aug 2022

On August 1 the first food ship under the Russo-Ukrainian deal left Odessa. The ship is bound for Lebanon and carrying maize. The ship is flagged in Sierra Leone. It has a capacity of 30,000 tons. Turkey is coordinating the scheme. If does not succeed the UN says that 50 million people face hunger.

The National Congress and the Judiciary resume activity today, this is the final week to hold party conventions, and three more polls will be published this week
BRAZIL POLITICS · Report · 01 Aug 2022

There are a series of provisional measures (MPs) on the agenda in the House. The Supreme Federal Court (STF) resumes activity with the analysis of three Direct Acts of Unconstitutionality (ADIs 4785, 4786 and 4787) against state laws in Minas Gerais, Pará and Amapá. Important developments are exp...

Copyright 2024 GlobalSource Partners. All rights reserved.