Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

Biden to visit Saudi Arabia and meet other Gulf leaders
GULF COUNTRIES · Report · 14 Jun 2022

The US has confirmed that President Biden will visit Saudi Arabia in July, meeting with all the Gulf heads of state and also, significantly, with the Saudi crown prince. We are not expecting any major concessions from Saudi Arabia on human rights or oil supplies, although there may be some gestur...

An Example of Explicit Populism
BRAZIL ECONOMICS · Report · 14 Jun 2022

It is not unreasonable for a government, despite fragile fiscal fundamentals, to increase spending on income transfers in favor of the people most affected by a shock like the pandemic. However, populist measures that allocate scarce resources with the objective of temporarily raising the preside...

The 5M22 federal budget surplus widens
RUSSIA ECONOMICS · In Brief · 14 Jun 2022 · 1 response

The Finance Ministry reported that in 5M22 the government collected in the federal budget 48.1% of the annually targeted revenues, i.e., R12.0 trln from R25.0 trln. Total revenues in May reached R2.0 trln, which is fewer than in the previous months as the ruble looked too strong and the ruble-den...

The CA surplus remained strong in Q122
ISRAEL · In Brief · 14 Jun 2022

The CA surplus remained strong in Q122 In the 1st quarter of 2022, the current account surplus reached 5.1bn USD, similar to the average quarterly surplus in 2021, but below that of Q421 (6.8bn). This represents a surplus of approximately 4.1% of GDP. The trade deficit increased by 0.2bn in Q122,...

The Senate approved the ICMS bill on essential services, today is the deadline for President Bolsonaro to sanction changes to the civil aviation legislation, and the TSE will elect Minister Alexandre de Moraes as president of the Court
BRAZIL POLITICS · Report · 14 Jun 2022

Since the ICMS bill was altered, it will now return to the House for further analysis. Among the changes is the prioritization of the Basic Education Maintenance and Development Fund (Fundeb) in the federal government’s compensation to states for the loss in revenue due to the tax cut. One of the...

Is a war in Taiwan likely?
CHINA ADVISORY · Report · 14 Jun 2022

President Biden’s public support for the defense of Taiwan, coupled with China’s increasing aggressive tactics in the South China Sea, have increased concerns about an invasion of Taiwan by the PRC. Elections in both Taiwan and the U.S. in 2024 could exacerbate existing tension. Despite the growi...

Castillo makes last-ditch efforts, as economy slows
PERU · Report · 14 Jun 2022 · 1 response

In this report we discuss the political and economic outlook for Peru. On politics, we argue that President Pedro Castillo is walking a tightrope, and that the probability of his being ousted has increased substantially. In previous reports, we have argued that the preliminary investigation into ...

First quarter IMF review approved - what's next?
ARGENTINA · Report · 14 Jun 2022

Last Wednesday, the IMF announced, as might have been expected, that the IMF and Argentina's authorities reached a staff level agreement in the country's first quarterly review (corresponding to 1Q22). Upon completion of the review (i.e., once the IMF board approves the review), Argentina should ...

Inflation falls due to energy price freezes and tighter monetary policy
DOMINICAN REPUBLIC · Report · 14 Jun 2022

After a strong 1% rise in April, monthly inflation fell 0.5% in May, one of its lowest levels since September 2020. But there was no free lunch: the Dominican government has maintained its fuel subsidy plan during the first five months of 2022, thereby providing a subsidy of $318.4 million to mi...

Politics: Morena wins 4 of 6 governors’ races, albeit under complicating circumstances
MEXICO · Report · 13 Jun 2022

When the dust settled on June 5, in the six state gubernatorial races up for grabs, Morena won four of the races. This brings the number of the country’s 32 states governed by the party to 20 (22 including its allies). Predictably, AMLO’s party was awash in triumphalism. But the victories occurre...

Economics: The export sector is driving Mexico's economic recovery
MEXICO · Report · 13 Jun 2022

The export sector has been the only one to maintain considerable growth and momentum in the past few years. Indeed, its growth has triggered the (still insufficient) recovery of the Mexican economy. Exports of agricultural and food products maintained their growth in the most complicated months o...

EURHUF at record high today
HUNGARY · In Brief · 13 Jun 2022

The forint weakened to EURHUF 402, a historic record, today, before settling down at a bit stronger level but still north of the 400 line. Immediately it was about the global stockmarket selldown and the strong dollar, fundamentally it was about everything from the war impact to rising inflation,...

The reminiscence vote for former President Lula and other weekly topics
BRAZIL POLITICS · Report · 13 Jun 2022

The Senate may vote on proposals related to the ICMS tax on fuel, electricity, transportation and telecommunications. The Corpus Christi holiday may affect the pace of voting in the National Congress. In terms of the economy, the Central Bank's decision on interest rates stands out. This week'...

Consumer confidence improves modestly, trade point point to steady growth; all supportive of steady monetary tightening
ISRAEL · In Brief · 13 Jun 2022

Consumer confidence (CBS) improved in May to -14 points from -17 in April. This is the highest print in 2022. The future expectations components, both on the personal level and regarding the economy as a whole improved in May, while the current situation component remained stable. This improved c...

Thursday is a national holiday, the Senate may vote on three proposals relating to the fuels issue, and the Copom will meet to decide on the interest rate
BRAZIL POLITICS · Report · 13 Jun 2022

Thursday's holiday may reduce the pace of activity in the National Congress, especially in the House. There are three proposals on the fuels issue in the Senate: one on essential services and the ICMS tax, another on the competitiveness of biofuels, and a third on federal reimbursements to lower ...

Copyright 2024 GlobalSource Partners. All rights reserved.