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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
Several factors fed inflation in April
VENEZUELA · Report · 12 May 2022
In April, the monthly inflation rate accelerated to 4.4 percent, driven up by monetary expansion, bolivar depreciation, the Tax on Large Financial Transactions (Impuesto a las Grandes Transacciones Financieras, or IGTF) on certain payments in foreign currency, and price increases resulting from t...
The new Minister of Mines and Energy made his first official statement, the issue of inflation will be an important topic in the election, and Pacheco has a meeting with state finance secretaries today to discuss the increasing price of diesel
BRAZIL POLITICS · Report · 12 May 2022
Adolfo Sachsida said that he has 100% of President Jair Bolsonaro’s support. He did not mention any change in Petrobras's pricing policy, but said he will ask for studies on legislative bills that deal with the privatization of the company. Regarding the increase in fuel prices, Lula will likely ...
Finland to apply to NATO
RUSSIA / FSU POLITICS · In Brief · 12 May 2022
On May 12 the Prime Minister and President of Finland both signed their formal intention to apply to to the 30 nation military alliance. Finland signed a 1944 treaty with the USSR vowing never to join a military alliance. The Finnish President said his country's decision to reverse 78 years of po...
Caught between two worlds
CHINA ADVISORY · Report · 12 May 2022
It’s becoming increasingly clear that China’s leadership has no clear path out of the problems of handling the latest Covid wave, the impact on supply chains and domestic activity, the prolonged problems with the property industry, and the slowing economy. There also is significant debate about e...
Ukraine claims Russia pushed back from Kharkiv
RUSSIA / FSU POLITICS · In Brief · 11 May 2022
On May 11 Ukraine said that the Russian Army had been driven back from Ukraine's second city. Russia has lost the high ground near Kharkiv making it harder to shell the city. On May 10 the US House of Representatives voted for a USD 40 billion aid package for Ukraine. The US Senate has to vote on...
New car sales down 78% Y o Y in Russia
RUSSIA / FSU POLITICS · In Brief · 11 May 2022
On May 11 statistics showed that car sales fell drastically in April 2022. The Association of European Businesses published figures. There was a 60% Y o Y drop in March 2022. It demonstrates that the impact sanctions is gradually being felt more and more. Note that the sale of second hand car is ...
Pressure from public servants for a salary raise continues, Bento Albuquerque resigns from the Ministry of Mines and Energy, and two new polls on the presidential election will be published today
BRAZIL POLITICS · Report · 11 May 2022
Federal police officers will hold a demonstration in favor of a salary raise on Thursday. On Friday, foreign trade analysts will meet and may go on strike on May 17. Specialists in public policy and management, in addition to planning and budgeting for their careers, have scheduled a strike for M...
Putin's Victory Day Speech is surprisingly unremarkable
RUSSIA / FSU POLITICS · In Brief · 10 May 2022
May 9 Russia marked the 77th anniversary of the defeat of Germany. There was a significantly scaled down parade. Putin repeated the message he has been saying for 11 weeks: Ukraine is run by Nazis, and the war was forced on Russia by NATO aggression. He claimed that this war is 1941 all over agai...
Diesel price hike brings back rumors of a truckers’ strike, Pacheco will meet with state finance secretaries about the ICMS tax on fuel, and the House may analyze six provisional measures
BRAZIL POLITICS · Report · 10 May 2022
The price hike also increases pressure for a bill that has already been passed in the Senate and is currently in the House on a transportation subsidy for the elderly. The president of the Senate, Rodrigo Pacheco, will meet with state finance secretaries on Thursday. The states want to show that ...
Continued bad news on inflation and the budget
HUNGARY · In Brief · 10 May 2022
Yesterday, we had some good news on growth (industry, exports, retail sales) and some bad news on equilibrium (trade balance). This morning, further bad news is to be reported on equilibrium, obviously the problem area in these days.First, CPI-inflation was 1.6% mom, 9.5% yoy in April, the latter...
Game over. Marcos Jr. wins.
PHILIPPINES · In Brief · 10 May 2022
The unofficial, partial tally as of the afternoon of May 10 showed Ferdinand Marcos, Jr. garnering over 30 million votes, equivalent to an almost 60% share. His closest rival, Vice President Leni Robredo who received less than half his votes had said, in what sounded like a concession statement, ...
Bahamas Article 4 IMF review supports our view that Bahamas economic situation is better than the global markets seem to believe
JAMAICA / BAHAMAS · In Brief · 09 May 2022
I have been reviewing The Bahamas economic situation for a number of weeks. I hope to issue a full report soon but a review of the IMF article 4 report will now take priority. I am not going to go through every aspect now, but the bottom line is that the IMF report supports my view that The Baham...
Projections for 2022: Stronger Growth and Higher Inflation
BRAZIL ECONOMICS · Report · 09 May 2022
It is part of economists’ fate to periodically adjust their projections. In 2022, the Brazilian economy should grow by around 1%, surpassing the previous estimate of 0.7% from the last Focus report (04/29/2022). However, considering that at the end of 2021, the country’s income per capita was mor...
Politics: Despite it all, the labor situation is stable, as is the country’s long ossified union movement
MEXICO · Report · 09 May 2022
López Obrador has gotten things right when it comes to labor policy. Even most of the government’s critics recognize this is the area in which the administration can claim its most notable achievements. A broad consensus holds that the new law on outsourcing, which was approved with the suppo...
Fiscal surplus in April + institutional demand for FX continues
ISRAEL · In Brief · 09 May 2022
Fiscal deficit down to 0.6% GDPThe Minister of Finance Liberman revealed yesterday that the fiscal numbers in April continue to surprise on the positive side, reflecting a fiscal surplus in the first four months of the year. The fiscal deficit in the last 12 months declined to 0.6% GDP (May 21 th...