Services

NEWS FLASH

UPCOMING WEBINAR: CHINA’S OUTLOOK IN THE TIME OF TRADE WARS...

Learn More

COUNTRY INSIGHTS

Russian Macro: GDP Growth to Slow: Aftermath of Overheating
RUSSIA ECONOMICS · Report · 06 Sep 2024

A month ago, in the aftermath of the its key rate hike decision, the CBR warned that the Russian economy is operating at full capacity and the demand is overheated by domestic credit and generous budgetary spending. Hence, inflation was high and accelerating. Therefore, some decisive action was r...

TOPIC OF THE WEEK: Georgian economy firing on all cylinders
CAUCASUS / CENTRAL ASIA · Report · 06 Sep 2024

The Georgian economy has posted a very impressive 9.7 percent GDP growth over the first seven months of the year (YoY), rendering it the fastest-growing economy in the CCA space. Fast-declining inflation has helped generate high real wage growth and, consequently, robust consumption spending. Low...

Industry and retail sales figures for July: neither good, nor bad
HUNGARY · In Brief · 06 Sep 2024

Industrial output and retail sales have just been reported by KSH for July. Both were completely unchanged during the month (changing by 0.0% mom in volume terms, seasonally and day-adjusted). For industry, this meant -6.4 yoy, following -3.5% yoy in Q2 (-3% yoy for H1 in total). For retail sales...

Further improvement in South Africa’s terms of trade leads to the narrowing of the current account deficit
SOUTH AFRICA · Report · 05 Sep 2024

A welcome economic metric for South Africa came out today as data released by the South African Reserve Bank (SARB) indicates that the deficit on the country’s current account of the balance of payments narrowed markedly in the second quarter of 2024. The deficit on the current account declined f...

China’s circling of the wagons financial strategy
CHINA ADVISORY · Report · 05 Sep 2024

China’s bond market has been on a tear recently. Chinese banks, including both rural and city, along with the big national state banks, have been significantly increasing their purchases of central government bonds, leading to the rare event of 10-year and 30-year bonds trading below the central ...

MTP 2025-27: A few quick reactions
TURKEY · Report · 05 Sep 2024

Vice President Cevdet Yilmaz, together with Treasury and Finance Minister Simsek and CBRT Governor Karahan, announced the Medium-Term Program (MTP) for 2025-27 this morning. As shown in Table 1 below, compared to last year’s MTP, the revised MTP sees somewhat slower growth and faster inflation, a...

The Senate approved a tax incentive bill for the green hydrogen sector, Pacheco said Galípolo’s appointment will be put to a vote by October 8, and the STF said energy distributors must issue tariff discounts
BRAZIL POLITICS · Report · 05 Sep 2024

Yesterday, the Senate approved a bill that guarantees tax incentives for the green hydrogen sector. The proposal includes sections vetoed by President Lula in the sanctioning of the green hydrogen bill passed by Congress earlier this year. According to Senate President Rodrigo Pacheco (PSD-MG), G...

The Cabinet Reshuffle: Changing the Terms Doesn’t Change the Outcome
UKRAINE · In Brief · 05 Sep 2024

There’s a lot of noise about changes in the Cabinet. For external observers, this might look like an effort to refresh the team of Ministers. But in fact, it’s not. Some faces from the same tired deck of cards have simply moved from old positions to new ones. Others, like the Minister of Foreign ...

Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 04 Sep 2024

Aug 22 OPEC+: The OPEC has received updated compensation plans from Kazakhstan for the 7M24 over-production of oil volumes, which totaled about 1 699K bpd. KMG: The company and Chinese CNPC intend to launch urea production at the Zhanazholsky gas processing plant worth $1.5 bln. KMG: The company ...

Let’s not celebrate growth results just yet
COLOMBIA · Report · 04 Sep 2024

Economic activity data showing 2.1% real growth in Q2 2024 over Q2 2023 suggests that the economy might be changing gears, and accelerating, from its meager 0.8% growth in Q1. Key sectors that have been clear laggards, such as construction and commerce, are finally moving into positive territory....

The Unbearable Lightness of GDP
BRAZIL ECONOMICS · Report · 04 Sep 2024

Once again, GDP has surprised on the upside, recording a seasonally adjusted expansion of 1.4% (against 0.9% expected) in the second quarter of the year compared to the first quarter, which was revised from 0.8% to 1.0%. Compared to the second quarter of 2023, GDP grew by 3.3%, also surpassing th...

The president of the Republicanos party has withdrawn from the succession race in the Lower House, Galípolo’s confirmation hearing will likely take place after the Copom meeting, and the OAB calls for a review of the X case
BRAZIL POLITICS · Report · 04 Sep 2024

The president of the Republicanos party, Marcos Pereira, has withdrawn from running to succeed Arthur Lira as president of the Lower House. He has instead decided to support the pre-candidacy of Hugo Motta (PB), also from the Republicanos. The confirmation hearing for Gabriel Galípolo in the Econ...

South Africa’s economy registers moderate growth in Q2-2024, while electricity supply is more solid with over 5 months of no load-shedding
SOUTH AFRICA · Report · 03 Sep 2024

South Africa’s quarter-on-quarter real GDP expanded by 0.4% during the second quarter of 2024. This was following the first quarter’s no change in GDP (i.e. GDP growth rate of 0.0%, which was upwardly adjusted from -0.1%). On account of the weak quarterly growth rates, real GDP in the first half ...

Déjà-vu
BRAZIL ECONOMICS · Report · 03 Sep 2024

The federal government has submitted the Annual Budget Bill (PLOA) for 2025 to Congress, forecasting a primary deficit of R$ 40.4 billion (0.3% of GDP), which, once R$ 44.1 billion in court-ordered debt payments for next year are subtracted, would translate into a small surplus of R$ 3.7 billion,...

The IBGE releases the GDP result for the second quarter of the year and other weekly topics
BRAZIL POLITICS · Report · 03 Sep 2024

On Tuesday (September 3), the IBGE will release the GDP result for the second quarter of the year. In the first quarter, GDP grew by 0.8%. Former President Jair Bolsonaro (PL) has called for a demonstration in São Paulo on September 7, Independence Day. Even with the informal recess in the Nati...

Copyright 2025 GlobalSource Partners. All rights reserved.