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Events
Databanks
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Argentina databank May 13 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank May 12
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 16
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank May 13
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
The PSDB postpones its decision on Senator Tebet’s candidacy, oil workers threaten to strike if the government sends a bill to privatize Petrobras, and Minister Mendonça holds a conciliation hearing on collection of the single-phase ICMS tax
BRAZIL POLITICS · Report · 02 Jun 2022
The PSDB should decide next Thursday, June 9, whether it will support Senator Simone Tebet’s presidential candidacy. Regional alliances are holding back these negotiations. And, once again, the party is considering launching its own candidacy. Today, oil workers are mobilizing across the country ...
Pandemic statistics update - June 2, 2022
CHINA ADVISORY · Report · 02 Jun 2022
China film box office revenue remains substantially below year-ago levels, although the variability over the past several weeks shows the confused situation of the Covid control measures. Traffic data for Shanghai and Beijing is inconsistent.
Economy contracts in April m-o-m, albeit unevenly by sectors and not as much as was expected earlier
RUSSIA ECONOMICS · In Brief · 01 Jun 2022
Rosstat reported that Russian industrial output contracted in April by 1.6% y-o-y, while it was still up by 3.9% y-o-y in 4M22. The mining sector was down in April by 1.6% y-o-y as well, and it was up by 5.9% in 4M22. The same figures for manufacturing are minus 2.1% for April and plus 3.2% for 4...
President Jair Bolsonaro only intends to participate in the run-off debates, the fuel price issue remains a priority for Bolsonaro, and Lira created a special committee to discuss the bill to modernize the energy sector
BRAZIL POLITICS · Report · 01 Jun 2022
President Bolsonaro said yesterday that he shouldn't participate in the first-round debates because all the other candidates will target him and he won't have time to respond. There are currently at least nine debates scheduled in the first round. He also stated that Petrobras cannot continue usi...
Bank lending to households shrinks in April
RUSSIA ECONOMICS · In Brief · 01 Jun 2022
The CBR reported that total outstanding household debt to banks decreased in April to R26.8 trln (including an insignificant part of credits in FX) from over R27.0 trln as of April 1, 2022 (i.e., by 0.9% m-o-m). It implied that banks granted fewer new credits than households repaid in April. In M...
Increase of 100 basis points in the monetary policy rate
DOMINICAN REPUBLIC · In Brief · 01 Jun 2022
The Central Bank decided yesterday to increase the monetary policy rate from 5.5% to 6.5% per year. Since November 2021, the rate has increased 350 bp, as part of the Central Bank's policy decisions to counter rising inflation. The rate of the permanent facility for liquidity expansion (1-day Rep...
Colombia slide presentation: Political pendulum and economic consequences
COLOMBIA · Report · 01 Jun 2022 · 1 response
Access the pdf file of the presentation from the GlobalSource Partners' webinar "Colombia: Political pendulum and economic consequences". Following the first round of Colombia's round of presidential elections, which has sent Gustavo Petro and Rodolfo Hernández to the run-off, Juan Carlos Ech...
Opposition Front: 2nd declaration for democracy leaves a lot to be desired
TURKEY · In Brief · 31 May 2022
The leaders of six parties constituting the Nation Alliance gathered a fourth time on 29 May, in a meeting that lasted over 7 hours. The end-result was a second declaration for restoring democracy in Turkey. While the declaration is a reasonable and thoughtful road map for re-democratization, it ...
Politics: Healthcare – more policy improvisation that worsens the situation
MEXICO · Report · 31 May 2022
President López Obrador’s latest effort to recruit doctors on loan from Cuba has stoked outrage within the medical sector and sparked intense debate on the deepening problems plaguing the country’s health system. These problems have been greatly magnified by the series of improvised “solutions” t...
Russians enter Severodonetsk
RUSSIA / FSU POLITICS · In Brief · 31 May 2022
On May 31 Russia announced that its troops had entered the city on Donbas. Ukraine confirmed this. Ukraine says 1,500 of its civilians have been killed in the assault on the city and 12,000 remain trapped in the city. It seems inevitable that Ukraine will withdraw from the city. It does not have ...
The Senate discusses the bill on essential services, the STF called a conciliation hearing for the agreement made by the Confaz regarding the ICMS tax, and the House may make progress on important bills
BRAZIL POLITICS · Report · 31 May 2022
Yesterday, the president of the Senate met with representatives of some states to discuss PLP 18, which classifies fuel, electricity, transportation and telecommunications as essential services. According to the rapporteur, the bill may be put to a vote in the next two weeks. However, there will ...
Economics: Prospects dim for a key driver of recovery as manufacturing demand is expected to soften on main fronts
MEXICO · Report · 31 May 2022
As the only GDP component to boast a significant recovery, manufacturing has contributed greatly to the economic reactivation in Mexico. Most manufacturing subsectors have enjoyed strong growth in recent quarters even as some especially crucial industries that acted as drivers during some of the ...
Here comes the son
PHILIPPINES · Forecast · 31 May 2022
A new administration with an exceptional majority electoral mandate will take office on June 30. So far, it has handed the business community what it wanted, a knowledgeable and experienced economic team that could hit the ground running. This is enough for even those strongly opposed to the so...
The MNB indeed raised the base rate by 50bps today
HUNGARY · In Brief · 31 May 2022
The base rate and the components of the interest rate corridor have been raised all by 50 bps, the base rate and the floor of the corridor to 5.9%, whereas the ceiling of the corridor to 8.9%. The MNB has said that it is going to raise the sterilisation rate by 30 bps, to 6.75%, on Thursday. More...
Kazakhstan macro: stable real effective tenge to support economic growth
KAZAKHSTAN · Report · 31 May 2022
The Kazakh tenge, having stabilized at around KZT/$ 430 after the initial pandemic shock and the fall of the oil price in 2Q20, experienced another shock in recent months. Its volatility increased again as the KZT/$ moved to well over 500 in early March and then bounced back to the same KZT/$ 430...