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Databanks
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Argentina databank Oct 28 -
Brazil Economics databank Sep 15
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Central America databank Oct 29
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China databank Mar 21
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India databank Jun 26
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Panama databank Jul 17
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Peru databank Sep 29
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Philippines databank Oct 8
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Poland databank Nov 3
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Russia Economics databank Oct 16
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Ukraine databank Aug 15
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NEWS FLASH
UPCOMING WEBINAR - NAVIGATING AN OIL GLUT: FISCAL AND RATING RISKS FOR ...
COUNTRY INSIGHTS
Goodbye Biden, hello (again) volatility
TURKEY · Report · 20 Jun 2021
This week’s report is uncharacteristically short and focuses mainly on the economic data, as our politics author-cum-cosmic strategist is experiencing internet problems where he is. As regards the much-anticipated Biden-Erdogan meeting, this author’s understanding is that all contentious issue...
Putin announces massive public spending as his party loses popularity
RUSSIA / FSU POLITICS · In Brief · 20 Jun 2021
On June 19 Putin said at a United Russia Party conference that RUB 100 billion would be spent on infrastructure and welfare. Putin was a member of United Russia until 2010. Now he is an independent. However, United Russia is the most slavishly pro-Putin party. Putin's ratings are always above the...
Gazprom causes massive methane leak
RUSSIA / FSU POLITICS · In Brief · 19 Jun 2021
On June 19 Gazprom acknowledge its greatest environmental disaster in 2 years. Gazprom is the biggest gas company in Russia. The leak occurred on June 4 and Gazprom tried not to admit it. There have been several significant polluting events in Russia over the last few years. 2.7 million cubic met...
Takeaways from congressional hearings on recent power outages
PHILIPPINES · In Brief · 19 Jun 2021
Ordinarily, rotational brownouts lasting a few hours are par for the course during hot summer months in the Philippines. The heat drives up usage of air conditioners at a time when power generation from hydroelectric plants falls. Puzzlingly though, outages this time around happened while the eco...
GULF WEEKLY: Strong Saudi Q1 GDP, Dubai bails out Emirates, Egypt-Qatar reconciliation
GULF COUNTRIES · Report · 18 Jun 2021
A skimmable summary overlaid with our analysis and links. Headlines: * Oman’s coronavirus cases and deaths hit new records, and hospitals are under strain. * Saudi non-oil Q1 GDP grew by 4.9% q/q SA, even stronger than the earlier flash indicator. * However, the tourism sector will suffer a ...
Senate approves the provisional measure on the privatization of Eletrobras, House must vote on the measure by next Tuesday, and the COVID CPI meets with doctors today
BRAZIL POLITICS · Report · 18 Jun 2021
Since the text of the provisional measure on Eletrobras was edited in the Senate, it will have to return to the House for further analysis. Doctors Ricardo Zimmermann and Francisco Cardoso meet with the COVID CPI today. Most financial institutions belive that the basic interest rate will increase...
Turkey's increasing presence in Central Asia
RUSSIA / FSU POLITICS · In Brief · 18 Jun 2021
On June 9 the Kyrgyz President visited Turkey. The Turkish-Kyrgyz Business Forum was addressed by him. A Turkish-Kyrgyz citizen was recently kidnapped by Turkish intelligence. Japarov did not broach the issue. He did not wish to offend his hosts, and his own intelligence service might have been m...
Biden's summit with Putin ends surprisingly cordially
RUSSIA / FSU POLITICS · In Brief · 17 Jun 2021
On June 16 the two presidents met in Switzerland. There were none of the testy exchanges that some expected. The heads of state agreed that nuclear war cannot be won. Biden pressed Putin on human rights.The presidents had a 4-hour one-to-one meeting. Putin was gratified that Biden described Russi...
Russia’s inflation seems decelerating w-o-w but accelerates y-o-y
RUSSIA ECONOMICS · In Brief · 17 Jun 2021
Rosstat reported that w-o-w inflation during the period ending on June 15 was at 0.12%, which is lower than during the previous seven-day period when it was at 0.16%. As a result, inflation in the first two weeks of June reached 0.28%. Inflation y-o-y, however, still accelerate as the m-o-m infla...
Russia’s inflation seems decelerating w-o-w but accelerates y-o-y
RUSSIA ECONOMICS · In Brief · 17 Jun 2021
Rosstat reported that w-o-w inflation during the period ending on June 15 was at 0.12%, which is lower than during the previous seven-day period when it was at 0.16%. As a result, inflation in the first two weeks of June reached 0.28%. Inflation y-o-y, however, still accelerate as the m-o-m infla...
Senate votes on the privatization of Eletrobras, two testimonies in the COVID CPI today and Luciano Huck will not run in 2022
BRAZIL POLITICS · Report · 17 Jun 2021
The provisional measure on Eletrobras will have to return to the House if approved, as edits were made to the text. In the COVID CPI, Carlos Wizard and Alexandre Silva Marques have the right to remain silent on questions that could incriminate them. Center parties met yesterday to discuss creatin...
MPC: Playing catch-up with reality -- very slowly
TURKEY · In Brief · 17 Jun 2021
As expected, the Monetary Policy Committee kept the policy rate (one-week repo rate) unchanged at 19% (simple) today.A comparison of the new statement with the old yields very little tangible differences, as far as we can see, though there is perhaps a bit more emphasis on – or a belated acknowle...
The NBU leaves prime rate unchanged at 7.5% despite soaring inflation
UKRAINE · In Brief · 17 Jun 2021
The NBU Board decided to leave prime rate unchanged at 7.5% despite dramatic inflation speed up (in May CPI went up by 9.5% y/y and PPI surged to +33.1% y/y). The decision went in line with our reading of the NBU policy though we see this decision as a mistake. Press-release of the NBU tells abou...
Israel’s new government may be an easier Gulf partner, despite offering little "change" to Palestinians
GULF COUNTRIES · Report · 17 Jun 2021
The new coalition government formed on Sunday has a wafer-thin majority and could easily break apart. While it lasts, there is unlikely to be a material change in policy towards Palestinians, unless it is overtaken by events. However, its tone on regional issues, including Iran, is likely to be ...
Russian economy back at pre-pandemic size
RUSSIA / FSU POLITICS · In Brief · 17 Jun 2021
On June 15 the Central Bank of Russia announced that Russia has recovered. The economy contracted 3% in 2020. In some sectors the economy has exceeded its prepandemic level.Russia is the first major economy to complete its recovery. This is partly due to having a relatively small service sector. ...