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Events
Databanks
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Argentina databank Jul 2
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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 Jun 5
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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 Jun 6
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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 Jun 4
NEWS FLASH
UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: POLITICAL PASSIONS IN THE...
COUNTRY INSIGHTS
Growth-stoking investment push is on
CHINA · Report · 29 Jan 2019
GDP rose 6.6% y/y in 2018, down 0.2 pps from 2017. Growth rates declined each quarter throughout the year, falling from 6.8% y/y in Q1 to 6.4% y/y in Q4. Industrial output was up 6.2% y/y, down 0.4 pps from 2017. The manufacturing sector is the main reason for growth slowdown, and growth there f...
Change of government hinges on the military
VENEZUELA · Report · 29 Jan 2019 · 1 response
Recent moves by Venezuela’s opposition and its international backers may lead to a political transition in the short or medium term. But the Maduro regime might once again muddle through by stalling enough to weaken the opposition’s unity and popularity. It’s still too soon to tell whether regime...
Politics: Justice, security and militarization
MEXICO · Report · 28 Jan 2019
The aspect of the government’s security strategy that has drawn the widest criticism is its plan to establish a militarized National Guard to deal with the country’s security crisis. Those concerns were magnified in recent days when President Andrés Manuel López Obrador reversed course and called...
Maia favored in the Lower House, an uncertain election in the Senate and other weekly topics
BRAZIL POLITICS · Report · 28 Jan 2019
President Jair Bolsonaro (PSL) will undergo another surgery today, January 28. The Senate MDB meets on Tuesday, January 29, to define the party’s candidate for the speakership in the Senate. Congressmen take office on Friday, February 1, and elect the speakers/presidents of the Lower House and S...
RUSAL and En+ sanctions lifted
RUSSIA / FSU POLITICS · In Brief · 28 Jan 2019
As we forecast last month the US Treasury has lifted sanctions on RUSAL and En+. RUSAL is Russia's biggest aluminum company. RUSAL is partly owned by Oleg Deripaska a Russian-Cypriot billionaire. The UK and EU welcomed the move - Cyprus is an EU member state. The Democrats in the US Congress oppo...
Economics: Price program a page from the past
MEXICO · Report · 28 Jan 2019
The guaranteed price program President López Obrador launched last week for basic grains and fresh milk is one of this administration’s four signature agricultural programs along with others on fertilizer subsidies, non collateralized loans for livestock farmers and one on “production for wellbei...
Venezuela Conference Call: A turning point in the crisis?
VENEZUELA · Report · 28 Jan 2019
Events are unfolding quickly as the international community recognizes an opposition leader as the head of an interim government in Venezuela. Will this power shift be enough to pressure a regime change, and how could it unfold? What would be the impact on the country’s economy and markets in the...
Corruption allegations in the lead-up to the State of the Nation Address 2019
SOUTH AFRICA · Report · 28 Jan 2019
When President Cyril Ramaphosa delivered his maiden State of the Nation Address (SONA) in February 2018, he put an emphasis on strong action against corruption by the governing party. On February 7, 2019, he will deliver his second SONA.
Growth appears steady in Q418 at around 3%
ISRAEL · Report · 28 Jan 2019
Several economic indicators point to steady growth in Q418 of 3%, near Israel's long term growth potential. The Bank of Israel sees the economy running at full capacity, which explains the rapid growth in imports. Nevertheless, the emphasis of policy is currently on pushing stronger inflation tow...
The change in the external picture
BRAZIL ECONOMICS · Report · 28 Jan 2019
The benign picture of “synchronized growth” of the mature and emerging economies is a thing of the past. At present, the prevailing pattern is deceleration of global growth, affecting developed countries like those in Europe as well as developing nations like China. One of the consequences is les...
Preview for tomorrow's Monetary Council: raised eyebrows, some hawkish-style talk but no real action likely
HUNGARY · In Brief · 28 Jan 2019
The Monetary Council's monthly rate-setting meeting is scheduled for tomorrow. Analysts do not expect the Council to make any major step towards policy tightening, except for probably refining the language of its communiqué a bit further in that direction, which the press & news agencies might tr...
Bank of Russia launching fast payment on 28 January
RUSSIA / FSU POLITICS · In Brief · 27 Jan 2019
The Bank of Russia (CBR) is launching a fast payment system for a limited number of clients. People will be able to transfer money by entering the phone number of the beneficiary. Banks involved are VTB, Raiffeisen, Tinkoff, Qiwi, Gazprombank, Rosbank, Alfa Bank, AK Bars and others. Sberbank is n...
Eerily calm before elections
TURKEY · Report · 27 Jan 2019 · 1 response
Our thesis is that so far moderate and unconventional pre-election stimulus failed to attract the unusually large share of undecideds to AKP, but preserved the fragile balance in the currency and bond markets. We pose answers to three known unknows, namely who the undecideds are, how they are lik...
Wage strike at Audi Hungaria, with a few lessons
HUNGARY · In Brief · 26 Jan 2019
We have seen the first serious strike action of recent times in Hungary this week. Despite a series of recent strike threats from major trade unions, it surfaced at just one company, which is Audi Hungaria, the local subsidiary of the German carmaker operating within the broad Volkswagen group. A...
Russian region will not have to pay debt to Gazprom
RUSSIA / FSU POLITICS · In Brief · 26 Jan 2019
A court in the Russian region of Chechnya ruled that Chechnya does not have to pay a debt of USD 135 million to Gazprom. Gazprom has protested. The company is worried that other regions will also seek to have their debts written off too. The General-Prosecutor has taken Gazprom's side in this dis...