GlobalSource Partners | Country Insights

Although development banking is one of the main pillars for achieving the goals of Plan México and the Infrastructure Investment Plan for Development with Wellbeing announced by President Sheinbaum as the strategies to reactivate investment and economic growth, in practice development banking has...

Economic growth moderated but remains stable

KAZAKHSTAN · In Brief · 15 Jun 2026

The Bureau of National Statistics reported that the short-term indicator, which measures combined economic activity in industry, agriculture, construction, transportation, IT/communications, and trade, grew by 4.3% y-o-y in 5M26, slightly higher than the 4.2% growth in the first four months. In M...

Politics: World Cup—Federal government and Mexico City government under heavy pressure

MEXICO · Report · 15 Jun 2026

Mexico’s hosting of the 2026 World Cup—jointly with the United States and Canada—has placed the Sheinbaum government under intense scrutiny at a moment of mounting social discontent. Multiple aggrieved groups—CNTE teachers, farmers and truckers, mothers searching for disappeared relatives, dismis...

GDP drops 0.6% in Q1 2026, growth outlook remains subdued

UKRAINE · In Brief · 14 Jun 2026

Ukrainian GDP dropped by 0.6% in Q1 2026, according to the updated estimates of the State Statistics Committee of Ukraine. Devastating missile and drone attacks on energy infrastructure through January and February 2026 are behind the GDP drop. On the demand side, the drop is reflected in an 8.0 ...

La nausée

TURKEY · Report · 14 Jun 2026

Kemal Kilicdaroglu, the court-appointed chairman of CHP, seems to be in collusion with President Erdogan, hollowing out the party step by step by ejecting MPs and rank-and-file by disciplinary action. He has no intention to convene a new Grand Convention to pit himself against former chair Ozgur ...

Weekly report, June 12, 2026: fiscal outlook improves; focus shifts to May CPI and emerging U.S.-Iran deal

ISRAEL · Report · 12 Jun 2026

This week's data continued to point to a resilient Israeli economy despite renewed geopolitical uncertainty. Consumer confidence returned to its pre-war level, supporting a gradual recovery in private consumption, while fiscal performance remained stronger than expected. Strong direct-tax revenue...

A surprise rate hike

INDONESIA · Report · 12 Jun 2026 · 1 response

On June 9, 2026, Bank Indonesia announced a benchmark rate hike of 25 basis points to 5.50%. This rate hike was implemented less than a month from the previous rate hike of 50 basis points on May 20, 2026. These actions were taken by Bank Indonesia in the midst of the downward pressure on the Ind...

Government announces pro-growth measures and policies to mitigate effects of international economic crisis

DOMINICAN REPUBLIC · Report · 12 Jun 2026

After months of consultations with productive sectors and political leaders, the Dominican government announced that it will submit to Congress a bill aimed at increasing government revenues by between DOP 40 billion and DOP 50 billion. These measures, together with the expenditure control act...

The Federal Police rejected a new plea bargain submitted by Vorcaro, Motta appointed Leo Prates as rapporteur for the 6x1 work schedule bill, and the Copom will meet next week to decide on the benchmark interest rate

BRAZIL POLITICS · Report · 12 Jun 2026

The Federal Police informed the Supreme Federal Court (STF) that it rejected a new plea bargain proposal submitted by Daniel Vorcaro of Banco Master. Authorities concluded that Vorcaro failed to provide new information beyond what had already been uncovered in ongoing investigations and did not i...

GULF WEEKLY: Oil drops on deal hopes, Saudi companies postpone IPOs, Oman oil output up 10%

GULF COUNTRIES · Report · 12 Jun 2026 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * Trump claimed yet again that an Iran deal is imminent; betting markets see a 50% chance by end-June, and Brent dropped to $86, the lowest since early March. * If there is a breakthrough, with talk of a potential signing th...

TOPIC OF THE WEEK: Gas, roses and peppers—Armenia's dilemma

CAUCASUS / CENTRAL ASIA · Report · 12 Jun 2026

"If peppers are spoiling, I'll pay for those peppers. If roses are spoiling, I'll pay for them, too." Pashinyan's agriculture-related tirade become one of the more widely discussed soundbites of the final week of the campaign. That emotionally-charged outburst was tied to the recent restrictions ...

South Africa’s Q1-2026 current account: stronger external balances amid rising global uncertainty

SOUTH AFRICA · Report · 12 Jun 2026

Data released by the South African Reserve Bank shows that, during the first quarter of 2026, the surplus on South Africa’s current account of the balance of payments widened markedly, to R190.7 billion, up from R50.2 billion in the fourth quarter of 2025. This makes it the largest surplus record...

No change, as expected

TURKEY · Report · 11 Jun 2026

The CBRT/MPC left the policy rate unchanged at 37%, 300 bps below the funding rate, broadly as expected. There was no material change in the statement other than a more explicit reference to demand weakness.

Lula has expanded his lead over Flávio Bolsonaro in the polls, the Senate CCJ approved the PEC on the financial autonomy of the Central Bank, and the House approved a bill that would lead to free urban public transportation

BRAZIL POLITICS · Report · 11 Jun 2026

The Genial/Quaest poll released yesterday showed that President Lula (PT) has expanded his lead over Senator Flávio Bolsonaro (PL) to ten percentage points in the first-round simulation (39% to 29%). In May, the gap stood at six points (39% to 33%). One issue that advanced in the Senate despite r...

Kazakhstan macro: high oil prices and the tax reform support budget revenues in 5M26

KAZAKHSTAN · Report · 11 Jun 2026

The Ministry of Finance announced that in 5M26, total revenues of the republican budget reached nearly KZT9.3 trln, or 40.5% of the annual plan. While this looks solid overall, tax revenues of KZT7.3 trln fell slightly short in our view, hitting 38.3% of the yearly target. The Ministry of Finance...