Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

1Q17 GDP at 6.4%
PHILIPPINES · In Brief · 18 May 2017

The headline GDP growth rate itself was unsurprising as far as we are concerned. We already noted in our just released Quarterly Report (“Settling In”) how early indicators pointed to a slower growth rate vs. 1Q16.Markets, on the other hand, were disappointed having expected a number closer to 7%...

Really bad news from the European Parliament to PM Viktor Orbán
HUNGARY · In Brief · 17 May 2017

Today, the European Parliament voted by 393 votes against 221 with 64 abstentions that in Hungary, there is a serious deterioration in the rule of law and democracy. The resolution calls for:- the launching of Article 7(1) of the Lisbon Treaty. MEPs instruct the Committee on Civil Liberties, Just...

Prime-minister Groysman presents pension reform, still to be approved by the IMF
UKRAINE · In Brief · 17 May 2017

Today Prime-minister Volodymyr Groysman finally presented to public his proposal on pension reform. He suggested increasing years of service (before being vested in a pension) up to 25 years from 15 years previously (35 years by 2028). At the same time, retirement age was left unchanged at 60 yea...

Politics: The Emerging Face of Organized Crime
MEXICO · Report · 16 May 2017

The attack on an Army unit last week in the town of Palmarito Tochapan in which four soldiers and four civilians were killed during the confrontation, is just the latest incident in a long but accelerating history of fuel theft and smuggling nationwide, and a problem that exemplifies the ways in ...

Q1 GDP: Nicely robust, but no great surprise
HUNGARY · In Brief · 16 May 2017

Q1 GDP, preliminary, came out at +1.3% qoq, +3.7% yoy on sda basis this morning, without any sectorial details being reported for the time being. CEE economies typically did well on the same indicator, as reported by the Eurostat also today: Romania +5.6%, Poland +4.1%, Slovakia +3.1%, Czech Repu...

Reasons for Hope
CHILE · Presentation · 16 May 2017

The long-expected recovery has not yet arrived. The government’s reform agenda has impacted confidence, and the positive investment cycle ended with the decline in the price of copper. However, the economy seems to be coming out a double dip, with agriculture and services the champions. Given tha...

President Poroshenko bans Russian social nets in Ukraine
UKRAINE · In Brief · 16 May 2017

On May 15th President Poroshenko signed a decree imposing sanctions on 1700 Russian legal entities. At the sanction list we can see Russian TV channels, banks and… very popular Russian social nets like VKontakte and Odnoklassniki. Also the President banned Russian mail service mail.ru and search ...

Settling In
PHILIPPINES · Forecast · 16 May 2017

The Duterte administration will mark its first anniversary in office in less than two months, with the business community reminded once again by parallels in the U.S. to “watch what he does, not what he says.” Indeed, the President remains highly popular and the business sector seems to be warmin...

Early Spring Galvanization
RUSSIA / FSU POLITICS · Report · 15 May 2017

As opposition street protests continue in Russia, although on a smaller scale than last month, the ruling elite started undertaking retaliatory measures to prevent the protests from continuing. Mikhail Khodorkovsky’s main organization, Open Russia Foundation, was declared undesirable, making its ...

Week of May 15
BRAZIL POLITICS · Report · 15 May 2017 · 1 response

Mayors organize the March on Brasília and may announce measures to benefit municipalities in response to the government. The Lower House may vote bill on validation of fiscal incentives. Rep. Rodrigo Maia announces the voting calendar for Pension Reform.Leaders of the PMDB decide whether they sup...

Positive Short-Term Performance, Vague Plans for Medium Term
HUNGARY · Report · 15 May 2017

This year’s growth story started differently from everyone’s expectations. A marked recovery of industrial output took place in February and March, apparently driven by the increasingly strong European manufacturing sector. However, retail sales perplexingly slowed down in Q1, despite the massive...

Weak Activity, Falling Inflation and Strong Monetary Easing
BRAZIL ECONOMICS · Report · 15 May 2017 · 1 response

For several months we have been presenting arguments that based on the severity of the recession and the absence of factors to hasten reduction of the negative GDP gap, the correct reaction of the Central Bank is to cut the interest rate more aggressively. The data published in the past two weeks...

The Road to November 2019
TURKEY · Forecast · 14 May 2017

After a narrow and somewhat contentious YES victory at the April 16th constitutional referendum, Turkey has achieved political stability of sorts, but as it is unlikely to translate to more democracy or better relations with the key Western allies, it is a tenuous one at best. Our base-case scena...

Eurovision might light up Ukraine for tourists
UKRAINE · In Brief · 14 May 2017

Over the last week Ukraine hosted the Eurovision Song Contest 2017. It was already for the second time in our history that Eurovision took place in Kyiv. But it was never before that visitors were so positive about friendly Ukrainians, well-organized event and high level of services provided for ...

To raise or not to raise interest rates? That's the question
MEXICO · Report · 12 May 2017

Some of our Global Source clients have expressed interest on Banxico’s actions next week, when the monetary policy board meeting takes place. Our thoughts is that Banxico should raise the rate next week 25 basis points (May 18), although there’s a high probability it won’t do it and wait until...

Copyright 2024 GlobalSource Partners. All rights reserved.