Services

COUNTRY INSIGHTS

Political Insights: Week of December 16
BRAZIL POLITICS · Report · 16 Dec 2013

This is the final week of the year for legislative activity in Congress. The Union Budget is the main item on the agenda. The government’s goal is to conclude voting on the budget bill this week. If the vote is postponed until February, there will be problems for the government, since electoral l...

Economic Activity: What Do The Most Recent Data Indicate?
BRAZIL ECONOMICS · Report · 16 Dec 2013

In the past few days two indicators of economic activity have been published: real retail sales, estimated by the IBGE; and the IBC-Br, which is the proxy for GDP estimated by the Central Bank. Both indicate growth in October in relation to September. These figures partly allay the negative pictu...

Bachelet is elected President
CHILE · In Brief · 15 Dec 2013

Today Michelle Bachelet was elected President of Chile with a 62.16% of the preferences against a 37.83% of Evelyn Matthei. The presidential election exhibited a significant reduction in participation compared to the first round. Under the newly implemented voluntary voting system, of the 13.6 mi...

The Price of Gasoline
VENEZUELA · In Brief · 15 Dec 2013

Shortly after the December 8 elections, the government started hinting at a gasoline price increase coupled with new subsidies to public transport. Jorge Arreaza, Executive Vicepresident, and Haiman El Troudi, Minister of Land Transportation, placed the topic on the public agenda. Rafael Ramirez,...

A turning point?
UKRAINE · In Brief · 15 Dec 2013 · 2 responses

Yesterday Victor Yanukovitch dismissed three officials who were allegedly responsible for bloody crackdown on the night of November 30. Those three were (a) Oleksandr Popov, Head of Kyiv city administration (Kyiv was not allowed to have major elections and Popov was effectively the ruler of the c...

Weekly Tracker: December 15-21
TURKEY · Report · 15 Dec 2013

Executive Summary New polls show AKP having dropped to 46%, but the party is certain to win most big-city races. PKK leaders are threatening war once again, while Kurdish provinces erupted in protest in response to alleged police killings of three citizens. The Ergenekon-Sledgehammer coup plottin...

CNI/Ibope Poll: Positive Evaluations Of The Dilma Administration Increase
BRAZIL POLITICS · Report · 13 Dec 2013

A new CNI/Ibope poll was released today on the Dilma Rousseff administration. Positive evaluations (“great/good”) increased from 37% to 43% (6 points) from September to December, while “regular” evaluations fell from 39% to 35% (4 points) during the same period.Negative evaluations (“bad/very bad...

Unchanged Policy Stance
PHILIPPINES · In Brief · 12 Dec 2013

The BSP took its cue from the US Fed and signaled today a prospective rate hike when the Monetary Board meets next week. The Fed earlier indicated that it may move forward the timetable for ending its stimulus program, with markets projecting a rate hike as early as April 2015 (from July previous...

The Benefit of the Doubt
ARGENTINA · Report · 11 Dec 2013

Executive Summary We wondered before whether the recent appointments suggested a change in economic policy or not. The departure of former Interior Trade Secretary Guillermo Moreno and the appointment of Jorge Capitanich as Chief of Cabinet suggested the possibility of a substantial change. After...

The Central Bank’s Next Move
MEXICO · Report · 10 Dec 2013

Executive Summary Mexico’s monetary authority decided last week to leave its TIIE interbank lending rate at 3.5%. Banco de México said it based its decision on the idea that inflation would remain near 3.5% for the balance of the current year and throughout 2014, and then trend lower until inters...

Growth: Resilient, But Still Unbalanced
TURKEY · Report · 10 Dec 2013

Turkish GDP expanded by 4.4% in Q3, y/y, as in the previous quarter, which was better than the consensus as well as our even softer forecast of some 3.5%. The working day and seasonally-adjusted growth was 0.9%, q/q; the latter is now running at a 4-quarter rolling 1.1%, or an annualized rate of ...

The Final Touches on Energy Reform
MEXICO · Report · 10 Dec 2013

Executive Summary After the Party of the PRD abandoned reform talks, the PAN and PRI began to toughen their respective negotiating positions as the political and time constraints that accompany the very final days of the regular session of Congress provide greater incentives to bargain all the mo...

Our take on the December 8 Elections
VENEZUELA · Report · 10 Dec 2013

Winners and losers Nicolas Maduro and PSUV are clear winners in the December 8 municipal elections. They have good reasons to celebrate even if the joy was not complete. According to the National Electoral Council, PSUV led the national vote count by a 6.5 percent margin over the opposition coali...

Strong Headline, Weak Composition
TURKEY · In Brief · 10 Dec 2013

Turkish GDP growth was 4.4% in Q3, y/y, which was higher than forecasts (notably our softer forecast), but composition, though improved over a quarter ago, still leaves a lot to be desired. Growth appears to be driven by private consumption and stock build up, with net exports shaving off some 2....

Ergenekon convict released, case unraveling
TURKEY · In Brief · 09 Dec 2013

Ergenekon convict, journalist and CHP Izmir deputy Mr. Mustafa Balbay was released from an Ankara correctional facility today, as a lower court agreed with the Constitutional Court that his right to a free and fair trial had been violated. In the last Weekly Tracker I had bet against his release,...

Copyright 2024 GlobalSource Partners. All rights reserved.