Services

NEWS FLASH

UPCOMING WEBINAR - LATIN AMERICA IN 2025: HOW WORRIED SHOULD WE BE?...

Learn More

COUNTRY INSIGHTS

Economics: Changing job market and mood
MEXICO · Report · 08 Jul 2019

At first glance, the economic uncertainty and major policy overhauls that have characterized the first seven months of President Andrés Manuel López Obrador’s administration don’t appear to have led to changes in the country’s job market on a significant scale. However, there are some signs that ...

Optimism about Pension Reform before the recess
BRAZIL POLITICS · Report · 08 Jul 2019

Expectations surrounding the Pension Reform vote are growing. The speaker of the House, Rodrigo Maia (DEM-RJ), is working to conclude the process before the congressional recess begins, on July 18. The rapporteur of the LDO, Rep. Cacá Leão (PP-BA), presents his final report. On Wednesday, IBGE re...

NEW - GlobalSource Partners adds Gulf Cooperation Council (GCC) coverage
GULF COUNTRIES · Report · 08 Jul 2019

With the inclusion of GCC countries in the MSCI Emerging Markets Index and in the JP Morgan EMBI Index, and an anticipated $30-60 billion expected to flow into the region, we are pleased to announce the expansion of our emerging markets coverage to include Gulf Cooperation Council (GCC) countries...

Datafolha: After six months in office, the Bolsonaro administration divides public opinion
BRAZIL POLITICS · Report · 08 Jul 2019

The Datafolha survey released today, July 8, shows that after six months as president of Brazil, opinion regarding Jair Bolsonaro is divided. This result can be explained by Bolsonaro’s strategy of betting on controversial issues, such as legalizing the possession of firearms, which divide public...

Frustration over infrastructure and despondency regarding monetary easing
BRAZIL ECONOMICS · Report · 08 Jul 2019

The global economy is clearly decelerating its growth rate, but the prices of assets have been appreciating. The same pattern applies to Brazil, where there are no forces on either the aggregate demand or supply side to pull the economy out of the doldrums. The IBOVESPA has already risen above th...

Markets will react today to the BoI rate forecast
ISRAEL · Report · 08 Jul 2019

The fiscal deficit (LTM) moved higher in June to 3.9% GDP. The fiscal deficit is increasing and is likely to breach 4% GDP this year. Wage growth has moderated recently, up 3.0% y/y in April from 3.8% in March. Israeli saving institutions reduced their FX exposure in May to 16.5% from 17.2% in Ap...

Disinflation: a pyrrhic victory
VENEZUELA · Report · 08 Jul 2019

Disinflation is being driven by a sharp decline in consumption. Companies protect their cash flow by adjusting product lines and prices, generating volatility and lengthening the disinflation phase begun in February. We are seeing food price increases being followed by decreases one or two week...

What we can learn from the Baoshang takeover
CHINA FINANCIAL · Report · 07 Jul 2019

Special points to highlight in this issue: • The sudden takeover of Baoshang Bank on May 24 shocked markets and caused interbank interest rates to soar, probably because it suggested that lenders to Chinese banks might have to start taking responsibility for poor credit decisions. • Baoshang, h...

Analyzing the Budget announcement of July 5, 2019
INDIA · Report · 07 Jul 2019

The July budget speech, of the NDA-3, is the first of a five-year period. It is expected to establish the priorities and the work program of the coming five years. It takes place at a time when there is significant financial and economic stress. On about July 18, we will release our business cycl...

CBRT Governor has been dismissed
TURKEY · Report · 07 Jul 2019

CBRT Governor Mr. Murat Cetinkaya’s abrupt and rather arbitrary dismissal speaks volumes about President Erdogan’s intentions going forward, which is the topic of the first essay in the Politics section. While we still give him the benefit of doubt, he seems in no rush to announce ground-breaking...

Russian budget execution being reformed
RUSSIA / FSU POLITICS · In Brief · 07 Jul 2019

The Ministry of Finance suggested that a proper treasury payment system be introduced. This shall shift all budget transactions from ministries, regions and so on to the treasury. The aim is to move to a system of uniform accounting in the budget system. There are over 50 000 government accounts ...

Russian coal exports in decline
RUSSIA / FSU POLITICS · In Brief · 06 Jul 2019

Coal is one of Russia's many mineral resources. Exporting coal matters to the Russian economy though not as much as oil and gas. Coal exports to the EU are down sharply. To make it worse the world price is falling. A mild winter, green taxes and better fuel efficiency have all contributed to this...

Pension Reform: Committee concludes vote on report
BRAZIL POLITICS · Report · 05 Jul 2019

The Special Committee on Pension Reform in the Lower House concluded the vote on the report by Rep. Samuel Moreira (PSDB-SP). This is an important victory, not only for the government, but especially for the speaker of the Lower House, Rodrigo Maia (DEM-RJ). If, on one hand, Maia was unable to in...

The South African Reserve Bank: Institutional credibility, macroeconomic stability and withstanding political games
SOUTH AFRICA · Report · 05 Jul 2019

Now that the 2019 general elections have come and gone, and having returned Mr. Ramaphosa as the president of the country, his greatest battle lays in resuscitating the South African economy. This he will have to achieve while simultaneously fighting for control within his own political party,...

Retail sales, wages decelerate on tight fiscal policy and higher inflation
HUNGARY · In Brief · 05 Jul 2019

Retail sales growth decelerated in May, to 4.7% yoy in real terms and on seasonally and day-adjusted basis, from 6.1% yoy in April and 5.8% yoy reported for Q1.The local press and various private sector speakers are quoting the markedly lower unadjusted and day-adjusted figures (3% yoy and 2.6% y...

Copyright 2024 GlobalSource Partners. All rights reserved.