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Events
Databanks
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Argentina databank Apr 30 -
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 9
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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 Jan 28
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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
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COUNTRY INSIGHTS
The Government releases its macroeconomic projections for 2020-2024
DOMINICAN REPUBLIC · In Brief · 11 Sep 2020
The Ministry of Economy, Planning and Development released on Wednesday afternoon the update of the Macroeconomic Framework for the period 2020-2024. The projections contained in this update are those used in the formulation of the Public Budget for 2021. For 2020, the Government is projecting a ...
Peru: A new political crisis brews
PERU · In Brief · 11 Sep 2020
Last night the new Congress elected in March started an impeachment process on President Martin Vizcarra. That this is happening less than two years ago when former president Pedro Pablo Kuczynski was ousted by the previous Congress indicates that not much has changed in the confrontation between...
GULF WEEKLY: Oil drops, Covid cases rise, Bahrain issues, Trump supports MBS
GULF COUNTRIES · Report · 11 Sep 2020
A skimmable summary of key developments overlaid with our analysis and links to further information. Headlines include: * Oil fell to a three-month low of $39 on demand weakness and rising stocks. * Coronavirus cases are rising sharply again in Bahrain and UAE. * Bahrain issued $2bn at lower...
According to the Secretariat of Economic Policy, services need to grow by 17% to reach pre-COVID levels
BRAZIL POLITICS · Report · 10 Sep 2020
The service sector, the main employer in the country, still needs to grow by 17% to reach pre-pandemic levels, according to a study published by the Secretariat of Economic Policy. According to the Secretariat, growth in the service sector has not been comparable to the other sectors. The ser...
South Africa’s current account balance reverts to a deficit in Q2 2020
SOUTH AFRICA · Report · 10 Sep 2020
Another unwelcome economic metric came out today as data released by the South African Reserve Bank (SARB) indicates that the country’s current account switched to a deficit in the second quarter of 2020 after it recorded its first surplus since 2003 during the first quarter of 2020. It is worth ...
The CBR plans to publish the anticipated long-term trajectory of its key rate
RUSSIA ECONOMICS · In Brief · 10 Sep 2020
Today CBR published the draft of the “Key directions of the monetary policy in 2021-23”. In addition to updating macroeconomic projections and introducing various scenarios of the development of the Russian economy, the regulator indicated that it is almost ready to start forecasting and publishi...
The Cabinet removal is on the agenda
UKRAINE · In Brief · 10 Sep 2020
A lot of talk about the potential removal of Shmygal Cabinet. Top speakers from Servant of the People are expressing dissatisfaction about the Minster of Economy, Igor Petrashko, and Minister of Finance, Sergiy Marchenko. Yesterday there was a hearing at the Parliamentary committee on finance, ta...
Russian banks told to make sure Belarus gets RUB
RUSSIA / FSU POLITICS · In Brief · 10 Sep 2020
On September 9 Reuters reported that the government has instructed to ensure a flow of RUB to beleaguered Belarussian banks. Prime Minister Mishustin has given instructions to Sberbank, VTB and VEB. These are all state owned and they have branches in Belarus. Many people in Belarus are withdrawin...
Guedes minimizes differences with Maia and shows optimism
BRAZIL POLITICS · Report · 09 Sep 2020
During his participation in a video conference today, Minister of the Economy Paulo Guedes, sought to minimize his differences with the President of the Lower House, Rodrigo Maia (DEM-RJ). According to Guedes, his “misalignment” with Maia is “natural” in light of their differences over the debate...
Synthesis of the Brazilian economy
BRAZIL ECONOMICS · Report · 09 Sep 2020
At the start of September, the number of confirmed Covid-19 cases reached 4 million, slightly over 6 months after the first recorded case of contagion. Only the United States surpasses that number, with 6.1 million people infected on the same date. The good news is that the first signs have appea...
GDP – How far will it fall in 2020? How fast will it recover?
BRAZIL ECONOMICS · Report · 09 Sep 2020
With the contraction of 9.7% in the second quarter, and the revision of the first-quarter result to -2.5%, Brazil’s GDP accumulated a decline of 12% in the first six months of 2020. There are no doubts that the bottom of the well has already been reached, but doubts persist about the pace of reco...
China virus check – week ending September 7, 2020
CHINA ADVISORY · Report · 09 Sep 2020
Good news continued this week. Sales of autos and property have continued to rise for most of the recent periods. Also, the film industry maintained its very high levels YoY due to the release of new films and a clear desire among citizens for entertainment. There seems to be a definite return to...
NATO countries stage military exercise in Georgia
RUSSIA / FSU POLITICS · In Brief · 09 Sep 2020
On September 8 over 2,700 troops from several NATO countries took part in joint military drills in Georgia. The exercise is called "Noble Partner 2020" and will last 11 days. The US says its participation is intended to deepen co-operation with Georgia and other partners.Live fire exercises and t...
International doctors skeptical about Russian coronavirus vaccine
RUSSIA / FSU POLITICS · In Brief · 09 Sep 2020
On September 4 an article a UK medical journal called the Lancet published a dubious judgment on Russia's Sputnik V vaccine. Physicians and research scientists have grave doubts about the effectiveness and safety of the drug. The scientific data provided by Russia supposedly include inexplicable ...
August inflation unsurprisingly rose a bit further, explaining yesterday's MNB move
HUNGARY · In Brief · 09 Sep 2020
CPI-inflation was reported at 0% mom, 3.9% yoy, the latter slightly up from 3.8% in July and in line with analyst expectation. Core inflation also went up moderately, to 4.7% yoy from the previous 4.5% by the KSH's basic measure, to 4.2% yoy from 4.1% by the MNB's tax-adjusted indicator, and to 4...