ANALYSIS & FORECAST
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SOUTH AFRICA - Monthly Report 03 Sep 2010
The slowdown in second quarter GDP growth confirmed our projection that the second half of 2010 will not be as robust as the first half. In the second quarter annualised growth decelerated ...
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SOUTH AFRICA - Databank 03 Sep 2010
South Africa databank...
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TURKEY - Special Report 03 Sep 2010
With all eyes on next Sunday’s referendum, August was a relatively quiet month on the economics front, but we thought a quick rundown on major developments could be useful. Fiscal ...
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RUSSIA - Monthly Report 03 Sep 2010
The record heat wave that hit Russia from early July to mid-August caused havoc for the agriculture and consumer markets. Temperatures hovered between 30°C to 40°C in Russia’s major ...
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VENEZUELA - Market Brief 02 Sep 2010
For the first time ever, serious questions have arisen as to the integrity of GDP growth figures published by the Central Bank of Venezuela (BCV). There are suggestions floating that ...
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MEXICO - Monthly Report 01 Sep 2010
The results of one of the two most recent government auctions of bandwidth, known officially as Auction Number 21, has been validated by the regulatory authorities overseeing the industry....
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TURKEY - Special Report 31 Aug 2010
Since our last writing on the September 12th referendum outcomes, which made the ratification call, the pro-ratification momentum appears to have stalled. In fact, two polls claim ...
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VENEZUELA - Monthly Report 31 Aug 2010
Bad policy is pushing the country into recession, and we see no rescue in sight. Falling inflation rates are coming down only because of the recession—not because of successful anti-inflation...
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BRAZIL - Special Report 31 Aug 2010
The current account deficits in Brazil have been rising and will continue doing so. This is a consequence of macroeconomic policies that increase total domestic absorption above GDP ...
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PANAMA - Monthly Report 31 Aug 2010
Two concurrent polls show opposite trends in President Ricardo Martinelli’s popularity ratings: one says his approval rating rose 10.7 points in July; the other that it dropped by ...
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CHILE - Monthly Report 31 Aug 2010
Leading indicators are all up and with the new mining production data showing good number we will soon have that trend up as well. Consumer confidence numbers reflecting the enthusiastic ...
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BRAZIL - POLITICS Weekly Trends 30 Aug 2010
The 2011 budget proposal of the government arrives this week in the National Congress. The three main presidential candidates give separate interviews to the news program of TV Globo....
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ARGENTINA - Monthly Report 30 Aug 2010
One of the main risks afflicting the Argentine economy is the rapid growth of fiscal spending, which, together with a lax monetary policy and virtually no access to voluntary financing—either...
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UKRAINE - Market Brief 27 Aug 2010
In July, current account balance resulted with negative numbers. Depressed export and seasonal import growth caused CA deficit last month. Falling metallurgy and agriculture sales ...
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PHILIPPINES - Monthly Report 27 Aug 2010
The Philippine economy still performed at high gear in 2Q2010 as export recovery, national elections and reconstruction spending combined to pull up national output. At 7.9%, the country’s ...
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BRAZIL - POLITICS Market Brief 26 Aug 2010
The most recent Datafolha poll, conducted between the 23rd and 24th of August, and published in today's edition of the newspaper Folha de São Paulo shows that Dilma’s lead has risen ...
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CHINA - Monthly Report 26 Aug 2010
Many main indicators continue to show weakening signs: fixed asset investment slowed to 21.5% in July from 22.2% in June; industrial output fell to 17% from 17.6%; and consumer spending ...
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UKRAINE - Market Brief 25 Aug 2010
Industry Mitigates Growth. In July, industry continued declining growth trend. Last month the industrial output resulted only with 6.4% YoY after 8.9% YoY a month ago. Money Supply ...
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SOUTH AFRICA - Market Brief 24 Aug 2010
On a quarter-on-quarter (q/q) seasonally adjusted basis, real gross domestic product (GDP) growth during the second quarter of 2010 (Q2 2010) moderated to an annualised rate of 3.2%....
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BRAZIL - POLITICS Weekly Trends 23 Aug 2010
Relatively quiet week, where the election continues as the central theme. Two new voting intentions for president and government's evaluation polls will be released this week. On Tuesday,
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MEXICO - Weekly Trends 23 Aug 2010
For years the analysts at Mexico City based think tank GEA have insisted that the wage mass (the number of workers multiplied by their real term remunerations) is a fundamental factor ...
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MEXICO - Weekly Trends 23 Aug 2010
President Felipe Calderon convened one last session of the Dialogues for Security, this time with the heads of each party’s congressional caucuses. But he was snubbed by some of the ...
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TURKEY - Market Brief 19 Aug 2010
As expected, the Monetary Policy Committee left the policy rate (one-week repo rate) unchanged today at 7%, simple. The language was very similar to that in the previous statement,
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CENTRAL AMERICA - Monthly Report 18 Aug 2010
H1 economic activity in GUATEMALA has shifted into recovery mode, rebounding from its severe slowdown in 2009, driven by merchandise exports and official capital inflows. As a result,
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ECUADOR - Monthly Report 17 Aug 2010
Behind President Rafael Correa’s ostensibly ideologically-neutral five-hour speech to the nation Aug. 10th was a core message of personal authority. The president went into detail ...
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TURKEY - Market Brief 16 Aug 2010
A possible rejection of the recently legislated constitutional amendment package on the September 12th referendum poses the most immediate risk to Turkish political stability, followed ...
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BRAZIL - POLITICS Weekly Trends 16 Aug 2010
With the beginning on the electoral advertising, campaign begins a new stage. House has the last week of concentrated effort before the elections, and Ibope releases new poll for the ...
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MEXICO - Weekly Trends 16 Aug 2010
The mounting evidence of a stalling of the U.S. economic recovery has begun to prompt some analysts of the Mexican economy to consider scaling back their growth forecasts for the second ...
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MEXICO - Weekly Trends 16 Aug 2010
The unprecedented public forums that President Felipe Calderon held with leaders of all segments of civil society over the past two weeks raised hopes that new strategies and a broader ...
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CHILE - Market Brief 11 Aug 2010
Economic expectations continue to be on the rise. Growth expectations for the whole of 2010 have converged to 5 percent including a second quarter growth rate of over 6 percent. This ...
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COLOMBIA - Market Brief 11 Aug 2010
On August 10th, President Chávez met with President Santos in Santa Marta, a coastal city in northern Colombia. The estate in which they met has symbolic significance, since it was ...
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TURKEY - Market Brief 10 Aug 2010
Crisis, What Crisis? The clash between the generals and the AKP government during the August 1-4 High Military Tribunal (HMT) meeting has unsettled the markets, raised fears of a ...
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BRAZIL - Monthly Report 10 Aug 2010
Inflation will rise in the coming months because the economy is still hot, the chances have receded that the global economy will negatively affect the Brazilian economy and the probability ...
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RUSSIA - Quarterly Outlook 10 Aug 2010
Q2-2010 was more positive than the beginning of the year. The pace of growth of the Russian economy picked up to 5.4% y-o-y (compared to 2.9% in Q1-2010). Consumer demand and business ...
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