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Events
Databanks
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Argentina databank Apr 30
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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 Apr 28
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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
UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...
COUNTRY INSIGHTS
Who is afraid of Rodrigo Duterte? (4)
PHILIPPINES · In Brief · 19 May 2016
It is still difficult to listen to him for long. The curses and threats continue to roll off his tongue, his speeches remain stuck in a one-note anti-crime spiel, and his behavior suggests that he has yet to see himself other than a small town mayor. And he is not going to make it easy for the an...
The SARB Puts the Interest Rate Hike on Hold
SOUTH AFRICA · Report · 19 May 2016
Just as we had predicted, the South African Reserve Bank’s (SARB) Monetary Policy committee (MPC) paused its hiking of the baseline interest rate at its May 2016 meeting, which was also its third meeting in the current year. This was the first time the SARB did not raise the repurchase (repo) rat...
GDP growth accelerates
PHILIPPINES · In Brief · 19 May 2016
Government today announced that the economy grew 6.9% in 1Q16, higher than the median analyst forecast of 6.5%. As expected, election spending was a key growth driver pushing up government consumption (+10%) and construction investment (+40%) as well as household expenditures (+7%). The latter, c...
Post election tensions
DOMINICAN REPUBLIC · In Brief · 19 May 2016
Four days after national elections, the country is living in tension because the final tally for Congress and municipal authorities haven’t been finished. Negligence and serious organizational problems in a complex by nature process have become apparent and have caused serious delays and tensions...
Economics: Dubious Paths to Reinventing Pemex
MEXICO · Report · 18 May 2016
The new management team at Pemex that CEO José Antonio González presides over has been on the job for almost 100 days, a period in which it was almost immediately faced with deep budget cuts ordered by the Ministry of Finance, followed by protests by Pemex suppliers over the mushrooming amounts t...
Politics: Elections 2016: A closer look
MEXICO · Report · 18 May 2016
Until not long ago it looked as though the PRI would have little problem winning most all of the 12 governors’ mansions that will be up for grabs the first Sunday of June. But following more than five weeks of campaigning, the races have tightened considerably, and the governing party looks to be...
Immunities vote adds to political uncertainty
TURKEY · In Brief · 17 May 2016
Debating and voting all night, the Turkish Grand Assembly failed to secure the 367 votes necessary to ratify the two amendments to lift the immunities of those deputies who are under indictment or already convicted of various crimes. The motion to advance to voting of the two articles of the prov...
Are these the last days of Mehmet Simsek in the administration?
TURKEY · In Brief · 17 May 2016
Luck has it that I must leave town on a family matter between Wednesday and Sunday, leaving you without updates until early Monday hours regarding developments in AKP. I’m hoping to fire out a final update early Wednesday to report on the outcome of the first round of voting for the lifting of th...
Surprising Weakness in Q1 GDP
HUNGARY · Report · 16 May 2016
GDP dropped by 0.8% qoq in Q1, a big negative surprise for both official and market analysts. Construction output fell by more than a quarter from Q1 2015, signaling a collapse of EU-backed fixed investment early this year. In addition, manufacturing growth greatly weakened, led by a small drop i...
Minister Pérez Abad charts the course
VENEZUELA · In Brief · 16 May 2016
Pérez Abad’s announcements confirm our perceptions, as explained in our most recent forecast report. The minister said the government is forcing imports to fall by 50% to $20 bn in 2016 by restricting access to official dollars by the private sector. We forecast a 56% decline to $16 bn. In his vi...
A New Central Bank President
BRAZIL POLITICS · Report · 16 May 2016
Concrete measures and strategic positions in the ministries will be announced this week. Michel Temer will have his first test in Congress, with the vote on the change to the 2016 fiscal target. The PT defines its strategy for the PMDB administration. Leaders in the House continue to search for ...
President Danilo Medina wins reelection with 62% of the votes
DOMINICAN REPUBLIC · In Brief · 16 May 2016
Danilo Medina has been reelected as President of the Dominican Republic with 62% of the votes, according to preliminary data from the Junta Central Electoral (central board of elections). Challenging candidate Luis Abinader received 35% of the votes. Guillermo Moreno received almost 2% of the vot...
What are the Signs of Economic Activity?
BRAZIL ECONOMICS · Report · 16 May 2016
With the release of the IBC-Br for March, we have virtually all the economic activity indicators for the first quarter of 2016, making it possible to estimate GDP in the first three months. The conclusion is that it contracted by roughly the same as in the last quarter of 2015. However, our leadi...
Forecast Updates for 2016 and 2017
ARGENTINA · Forecast · 16 May 2016
This addendum presents the detailed forecast tables we promised to send to accompany the forecast revisions published in the April 29, 2016 Quarterly Outlook. To help the reader to identify the changes with respect to the forecasts we published in the Quarterly Outlook for January 2016 we have hi...
Week of May 15
TURKEY · Report · 15 May 2016
Starting with this week, we begin to fit together the pieces of Turkey’s multi-dimensional political puzzle. Our top candidate for premiership remains Mr. Binali Yildirim, though Messrs. Bekir Bozdag or Ismet Yilmaz can’t be ruled out. We can’t guarantee that economy czar Mehmet Simsek will retai...