GlobalSource Partners | Country Insights

Get insight into Hungary's macroeconomic outlook and the foreign policy challenges it's facing with the presentation from our webinar, "Hungary: Macroeconomic maneuvers and fraught foreign policy".

The chairs of the standing committees in the House were selected, Haddad should submit the new fiscal framework tomorrow, and the PCdoB called for the urgent suspension of measures of the State-Owned Companies Law

BRAZIL POLITICS · Report · 16 Mar 2023

The two most important committees in the House will be chaired by the PT: the Constitution and Justice Committee (CCJ) and the Finance and Taxation Committee (CFT), The Senate Committees have already been installed. As a result, legislative activity should pick up pace starting next week. The Min...

Russia downs US drone

CIS POLITICS · In Brief · 15 Mar 2023

On March 14 a Russian fighter jet downed a US MQ 9 drone over the Black Sea. The US said the Russians had been flying irresponsibly close to the drone in international airspace. Russia said its aircraft did nothing to the drone. Ukraine said Russia's action proves that Russia is taking action aga...

Inflation continues to surprise on the upside

ISRAEL · In Brief · 15 Mar 2023

Inflation continues to surprise on the upside February’s CPI came in at 0.5% m/m (expectations were for 0.3%) and 5.2% y/y (down slightly from 5.4% last month). Core inflation remained stable at 5.1% y/y. Several service items surprised on the upside such as domestic vacations (3.5% m/m) and hous...

GULF WEEKLY: Saudi-Iran ties restored, Qatar and Abu Dhabi reshuffle officials, Saudi Q4 GDP & fiscal data

GULF COUNTRIES · Report · 10 Mar 2023

A skimmable summary overlaid with our analysis and links. Headlines: * Saudi Arabia and Iran agreed in China to restore diplomatic relations after a 7 years hiatus. * Saudi GDP grew by 5.5% in Q4 and 8.7% in 2022 as a whole, close to the flash estimates. * Transport, finance and business ser...

The outlook for private investment

INDIA · Report · 09 Mar 2023

During the pandemic, at first, the biggest firms fared rather well, and this was reflected in the earnings growth of listed companies. There are two problems with this post-pandemic growth. First, this was a case of the biggest firms’ gaining share, which could only happen for a limited period of...

Peso debt swap with a renewed BCRA put option to shield the domestic debt market ahead of the elections

ARGENTINA · Report · 08 Mar 2023

Tomorrow, Thursday, March 9, from 10:00 AM to 3:30 PM (BA time), the Treasury will be receiving bids to participate in a debt swap to extend the maturity of peso debt instruments, offering inflation-adjusted instruments maturing between April 2024 and February 2025. The government aims to push fo...

No big surprises from the Two Sessions

CHINA FINANCIAL · Report · 08 Mar 2023

Special points to highlight in this issue: * We are halfway through the “two sessions” meetings of the NPC and CPPCC with many of the major speeches on the budget, economic policies, and economic prospects delivered. China will target GDP growth this year of 5 percent, although Chinese provin...

Inflation fell a bit in February, the economy is weakening further - nothing unexpected

HUNGARY · In Brief · 08 Mar 2023

What everyone had been expecting is now there in the actual data: following a sharp upsurge since about April last year, CPI-inflation edged down a bit, to 25.4% yoy in February, from 25.7% yoy in the previous month. Likewise, core inflation fell a little, to 25.2% yoy from 25.4% yoy. Yesss (!), ...

The chairs of the standing committees of Congress should be chosen, and the Tax Reform Working Group will hear from Bernard Appy

BRAZIL POLITICS · Report · 08 Mar 2023

Today, March 8, the chair and vice-chair candidates appointed by the leaders of the party blocs to the standing committees of the Senate will be elected. In the House, Arthur Lira (PP-AL) also had the party leaders submit the list of candidates to chair the standing committees. Today, the Tax Ref...

South Africa’s economic growth decelerates to 2% in 2022

SOUTH AFRICA · Report · 08 Mar 2023

Real GDP figures released by Statistics South Africa (Stats SA) yesterday indicate that South Africa’s economy contracted during the final quarter of 2022 following a rallying of 1.8% q/q during the third quarter. During the fourth quarter of 2022, real GDP recorded a growth rate of -1.3% q/q, la...

President Ramaphosa reshuffles his cabinet under duress

SOUTH AFRICA · In Brief · 07 Mar 2023

Last night after much anticipation and months of delays, President Ramaphosa finally announced some fairly predictable changes to his Cabinet. His old ally and now X-Deputy President David Mabuza finally resigned as a Member of the Parliament after weeks of hoping that Ramaphosa would reshuffle b...

Inflation in Kazakhstan remains elevated, albeit with no signs of acceleration

KAZAKHSTAN · In Brief · 07 Mar 2023

According to the Bureau of National Statistics, inflation m-o-m in February was 1.3%, i.e., much higher than in February 2022 (0.8% m-o-m). As a result, y-o-y inflation in February moved to 21.3% (from 20.7% a month ago), while the 6M moving average monthly inflation stayed at 1.4%, i.e., almost ...

Lula is likely to keep the Minister of Communications in office, the União Brasil and the PP are considering forming a party federation, and Bolsonaro continues to lose political capital

BRAZIL POLITICS · Report · 07 Mar 2023

President Lula met with the Minister of Communications, Juscelino Filho (União), accused of using a Brazilian Air Force (FAB) plane to participate in an auction of racehorses in São Paulo and omitting information about his personal assets to the Superior Electoral Court (TSE). Lula has decided to...

February inflation at 8.6%

PHILIPPINES · In Brief · 07 Mar 2023

The headline inflation rate slid from a 15-year high of 8.7% in January to 8.6% in February. It was below analysts’ expectations (8.9% median) and within the BSP’s forecast for the month (8.5% to 9.6%) but it basically reflected unchanged prices on the average, i.e., zero month-on-month inflation...