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Events
Databanks
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Argentina databank Jul 2 -
Brazil Economics databank Jun 16
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Central America databank Jun 27
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Chile databank May 27
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China databank Mar 21
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Colombia databank Jul 7
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Dominican Republic databank Jun 18
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Ecuador databank Jun 20
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Gulf Countries databank Jul 4
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Hungary databank Jun 23
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India databank Jun 26
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Mexico databank Jul 1
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Panama databank May 13
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Peru databank Jun 27
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Philippines databank Jul 8
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Poland databank Apr 29
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Russia Economics databank Jun 16
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South Africa databank Jun 9
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank Jul 7
NEWS FLASH
UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: POLITICAL PASSIONS IN THE...
COUNTRY INSIGHTS
Gunning for a risk-adjusted Israel-Iran war scenario
PHILIPPINES · In Brief · 28 Jun 2025
Based on the recent assessment by his economic team, Philippine President Ferdinand Marcos Jr was reported to have “downplayed” the expected fallout from the Israel-Iran ballistic war compounded by the US bombing of three nuclear facilities in Iran. Manageable, he said, and “so far, there is no s...
Kazakhstan macro: inflation to decelerate slowly as economy remains overheated
KAZAKHSTAN · Report · 27 Jun 2025
Despite various challenges, the Kazakh economy has been performing well in recent years, and 2025 is expected to be another good year as economic growth is reportedly accelerating. Growth remains uneven, but strengthening of the services sector is an important trait of the Kazakh economy. The cou...
GULF WEEKLY: Oil drops and equities rebound as Iran war ends, Oman finalizes personal income tax, Kuwait moves towards bond issuance
GULF COUNTRIES · Report · 27 Jun 2025
A skimmable summary overlaid with our analysis and links. Headlines: * Qatar intercepted Iranian missiles and then helped mediate a ceasefire with the US and Israel. * This followed a US strike on Iranian nuclear sites, which caused severe damage. * Trump says there will be renewed nuclear t...
Webinar replay - India’s role in a reconfigured global economy
INDIA · Report · 27 Jun 2025
Can India seize upon the opportunities created by global trade reconfiguration? How will technological developments like AI impact Indian GCCs and services? How will the domestic economic policy environment impact India's outlook? Watch the replay of webinar featuring Economist Dr. Ajay Shah d...
Bracing for impact
CENTRAL AMERICA · Report · 27 Jun 2025
Costa Rica’s economic activity continues along the path set in our short-term economic outlook (see our report of April 2025), although deceleration now looks more pronounced. To face the effects of the current international turmoil charged with lots of uncertainty, we expect the government to ma...
The government is looking for alternatives to the IOF tax increase, Haddad will give an interview on this topic, and the STF will hold a public hearing on mandatory congressional earmarks
BRAZIL POLITICS · Report · 27 Jun 2025
The government is currently evaluating alternatives following Congress’s decision to overturn the IOF tax increase. According to Finance Minister Fernando Haddad, there are three possible paths: identifying new sources of revenue, challenging the overturning of the decree before the Supreme Feder...
Topic of the week - 2Q25 CCA Slide deck
CAUCASUS / CENTRAL ASIA · Report · 27 Jun 2025
The quarterly slide deck for the Caucasus and Central Asia is a 208-slide detailed description of the economic status-quo in Armenia, Azerbaijan, Georgia, Uzbekistan, Tajikistan and Kyrgyzstan as of the second quarter of the year. It covers various topics, including growth, economic structure, in...
The House and Senate approved the overturning of the IOF decree, the House also passed a bill that increases the total number of deputies, and the STF discusses the liability of big tech companies
BRAZIL POLITICS · Report · 26 Jun 2025
Both the Lower House and the Senate have approved a legislative decree overturning President Lula’s executive order that raised the Financial Transactions Tax (IOF)—a symbolic defeat for the administration in Congress that underscores growing dissatisfaction even among allied parties. Yesterday, ...
Economic performance set to stabilize in 2H25
RUSSIA ECONOMICS · In Brief · 26 Jun 2025
Rosstat reported that in May and 5M25, Russian industrial output grew by 1.8% and 1.3% y-o-y. The mining segment contracted by 1.1% and 2.7%, while the manufacturing grew by 4.0% and 4.2% (y-o-y in May alone and 5M25 in both cases). Even though y-o-y numbers looked unimpressive compared to last y...
Shekel strength supported by fundamentals but may reflect short-term overshooting
ISRAEL · In Brief · 26 Jun 2025
Since the successful military operation against Iran, the shekel has strengthened by nearly 4.5% against the U.S. dollar, reaching its strongest level since the end of 2022. It has also been appreciated by 4.5% against the euro. Chart 1: ILS exchange rate vs USD, EUR, and nominal effective rate T...
Armenia: PM Pashinyan resorts to desperate means to cling to power
CAUCASUS / CENTRAL ASIA · In Brief · 26 Jun 2025
Pashinyan is getting rid of the opposition. I have spent a lot of time in the last month or so writing about Armenia, and it seems for good reason. The loss in the municipal elections in Gyumri, the rising momentum to impeach Pashinyan, and the PM's ill-fated attack on the Church are a few exampl...
Copom’s odyssey
BRAZIL ECONOMICS · Report · 25 Jun 2025
The main purpose of the latest Copom Minutes is to prevent the market from anticipating the beginning of the monetary easing cycle. The concern, naturally, is that market behavior could affect the yield curve and thereby undo part of the monetary tightening promoted by the Central Bank, which bro...
The House may vote to overturn the presidential decree on the IOF, the STF will resume adjudication of the liability of big tech companies, and the CNPE may announce a change in the blends of gasoline and diesel
BRAZIL POLITICS · Report · 25 Jun 2025
The President of the Lower House, Hugo Motta (Republicanos-PB), announced that the House will vote today on a bill to overturn the presidential decree that raised the IOF (Financial Transactions Tax). If the bill does reach a floor vote today, it is likely to pass. The Supreme Federal Court (STF)...
Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 25 Jun 2025
Jun 11 President: Kazakhstan is ready to supply Slovakia with oil, gas, and uranium. Jun 13 Ministry of Foreign Affairs: The US has expressed its willingness to cooperate with Kazakhstan in the field of critically important minerals. Jun 14 Atomic Energy Agency: Rosatom will lead the consortium f...
Post-ceasefire economic update: recovery, risk, and resilience
ISRAEL · In Brief · 24 Jun 2025
After twelve days of fighting, during which the United States joined the attack on Iran’s nuclear facilities, a ceasefire came into effect that is likely to end the war. The war concluded with significant damage to Iran’s nuclear infrastructure and missile systems, without deteriorating into a br...