Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

​GDP was up by 3.5% y-o-y in 1Q22 – better than expected
RUSSIA ECONOMICS · In Brief · 19 May 2022

Rosstat reported that the Russian GDP was up by 3.5% in 1Q22, which was not too bad a result given that in March the economy was already affected by the "special military operation". Therefore, the fact that the most recent forecast by the Economics Ministry, published a couple of days ago, was l...

Protests in Armenia threaten PM
RUSSIA / FSU POLITICS · In Brief · 18 May 2022

On May 17 over 400 people were arrested for a demonstration in Yerevan that obstructed streets. They were demanding that Prime Minister Pashinian resign. The city center was in gridlock due to the protestors obstructing traffic. Since May 1 there has been a concerted effort to force Pashinian fro...

Russian macro: drafting the budget for 2023 and beyond
RUSSIA ECONOMICS · Report · 18 May 2022

As Russia continues its journey to an unknown future, while the country’s economy has to undergo a kind of counter-transformation, i.e., from an open-market-oriented version toward a more closed one, the government has started to shape the 2023-2025 rolling budget. Such planning assumes a baselin...

The TCU resumes judgment of the privatization of Eletrobras, the third-way alliance will meet to discuss the poll results that may help the bloc select its presidential candidate, and the public servants’ salary issue continues
BRAZIL POLITICS · Report · 18 May 2022

The trial in the TCU was interrupted by a request for a review by Minister Vital do Rego. According to the statements made in the last session of the TCU on the matter, the probability is for the process to be approved. But there may be some caveats. There is no consensus in the third-way allianc...

Moscow hosts summit of its allies
RUSSIA / FSU POLITICS · In Brief · 18 May 2022

On May 16 Putin hosted the president of five member states of the Collective Security Treaty Organization (CSTO). CSTO members are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. It marked the 30th anniversary of the foundation of the CSTO. The meeting was scheduled months ago.Putin is k...

Quid pro quo
VENEZUELA · In Brief · 17 May 2022

The Biden administration is finally determined to play its cards in favor of a credible negotiation process that channels the political conflict and leads to democratic progress in Venezuela.On May 17, the quid pro quo that the Venezuelan government had waited for since the surprise meeting of Ju...

An opportunity for President Lasso to reinvent himself
ECUADOR · Report · 17 May 2022

The various unsuccessful attempts to reach agreements with the Assembly are not President Lasso's only headaches. Several massacres in the jail system that have caused the deaths of over 350 inmates since 2021, and violence and insecurity on the streets – especially in Guayaquil, which now has th...

Vigorous recovery and resilience of Dominican economy despite challenges from global factors, according to IMF Mission
DOMINICAN REPUBLIC · In Brief · 17 May 2022

The IMF concluded the 2022 Article IV Consultation Mission and recognized that "the economy has shown a vigorous recovery after the pandemic, despite global factors that have generated challenges in terms of inflation." For the IMF, resilience and signs of policy sustainability are placing the Do...

Kazakhstan macro: on the right track
KAZAKHSTAN · Report · 17 May 2022

Despite the fact that the Kazakh government became less optimistic about the prospects of the country's economic growth in 2022, having lowered its GDP growth estimate to 2.1% from the previous 3.9%, the outcome may be better as the country has the chance to benefit from the fact that the Russian...

The Fiscal Risk and The Behavior Of The Exchange Rate
BRAZIL ECONOMICS · Report · 17 May 2022

In this Report, we evaluate the behavior of the Real after the pandemic. To explain the discrepancy between its behavior and that of the currencies of most other countries, we apply a model that, with proper consideration of the various structural breaks, quantitatively evaluates the effects of t...

Castillo struggles to survive; 2022 GDP growth forecast cut to 1.7%
PERU · Report · 17 May 2022

President Pedro Castillo has surprised commentators by successfully fending off several attempts to oust him from office. In past reports, we have argued that the opposition in Congress does not have the votes to impeach the president. However, there is another, more subtle, reason why Castillo h...

The PSDB meets to discuss Doria’s letter to the party’s president, Bolsonaro once again criticizes the electoral process, and public servants are on strike for a salary raise
BRAZIL POLITICS · Report · 17 May 2022

In his letter, Doria claims he is being targeted by repeated "coup attempts". He faces resistance inside and outside the PSDB. He does not believe that the selection of the presidential candidate of the third-way alliance should be made according to polling results. If he is not chosen, he is con...

Excellent GDP growth figure for Q1
HUNGARY · In Brief · 17 May 2022

GDP grew by 2.1% qoq, 8.0% yoy on seasonally adjusted basis in Q1. These numbers are preliminary, no breakdown is available at this stage.As we have said a few times previously, there is currently little problem about growth. There is is much more trouble with equilibrium, including the budget, i...

The results of the PRD elections ratify the political power of the legislators
PANAMA · In Brief · 16 May 2022 · 1 response

What the 4,146 delegates (only 1.3% absentees) decided in Sunday`s PRD elections of the National Executive Committee (CEN) of the Party confirmed the power of the legislators vis-à-vis the executive. The PRD is not only the party of President Cortizo; it also has a majority of diputados in the Le...

Economics: Holes in PACIC package for combating inflation, but it is positive that price controls are not included
MEXICO · Report · 16 May 2022

The gravity of Mexico’s latest inflation results poses major challenges for the federal government and consumers alike, and immediately contributed to Banco de México’s decision last Thursday to raise its same-day interbank reference rate by 50 basis points for a fourth straight time, to 7.0%, in...

Copyright 2024 GlobalSource Partners. All rights reserved.