GlobalSource Partners | Country Insights

Yesterday, the PL caucus launched Senate opposition leader Rogério Marinho’s candidacy for president of the Senate. The PL will have the largest caucus in the chamber in the next legislature, with 29 of the 81 seats, and Marinho can also count on the three senators elected by Novo. Winning the Se...

US-China relations under the Democrats

CHINA ADVISORY · Report · 04 Nov 2026

What happens to US-China relations under the Democrats? Congress does not have responsibility for foreign affairs but does have some oversight and control of the purse strings. In this report, I give some quick thoughts on the subject. In particular, I see potential for less erratic policymaking,...

Upcoming webinar - Chile’s generational funds reform

CHILE · Report · 04 Nov 2026

Date: 5 Nov 2026 Time: 10:00 AM EST What is changing in Chile’s pension fund system and how will it impact market dynamics? How will the transition to generational funds reshape institutional demand for fixed income and currency hedging over time? What are the implications for the depth an...

Israel FX market: Weaker institutional flows and rising post-election political uncertainty put pressure on the shekel

ISRAEL · Report · 04 Nov 2026

The shekel has depreciated by approximately 4.5% against the U.S. dollar since Israel's elections, reflecting investors' concerns about political instability following the election results, as well as some disappointment relative to pre-election expectations. Bank of Israel data show that institu...

The Senate approved the Public Security PEC, the rate of the CBS has been a source of friction between the Senate and Finance Ministry, and Durigan will meet with Lula today to discuss the Selective Tax

BRAZIL POLITICS · Report · 04 Nov 2026

Yesterday (Nov. 3), the Senate approved the Public Security Constitutional Amendment Proposal (PEC) in two rounds of voting. The measure passed by 73 votes to zero in the first round and 75 to zero in the second. Because the text was unchanged from the version approved by the Lower House, it will...

Kazakhstan macro: Medium-term growth should moderate, but become more sustainable

KAZAKHSTAN · Report · 04 Nov 2026

In the recent World Economic Outlook, the IMF projected Kazakh GDP growth at 4.4% for this year. In dollar terms, the Fund expected GDP to reach nearly $398 bln. Earlier, the country’s authorities anticipated GDP growth of over 5.0% in 2026 and aimed for faster economic expansion in the coming ye...

Bi-Weekly Economic News Summary

KAZAKHSTAN · In Brief · 04 Nov 2026

Oct 22 Direct investments: Baiterek Holding and Chinese Guoyou Materials have signed a memorandum regarding a $1 bln project for a new terminal at the port of Kuryk. Oct 23 NBK: The Bank lowers base rate from 16.25% to 15.75% and plans no changes to the base rate this year. KMG: The company plans...

Tug-of-war over fiscal consolidation and other weekly topics

BRAZIL POLITICS · Report · 03 Nov 2026

The government may send Congress a Provisional Measure addressing the Selective Tax. A constitutional amendment may also be introduced to adjust the end of the 6-on/1-off work schedule for sectors subject to different working-hour arrangements. A meeting of Camex is expected to review the 12% exp...

Tisza's anticorruption drive received a further push forward today

HUNGARY · In Brief · 03 Nov 2026

The National Assembly elected the new Prosecutor General today, after a relatively long period of impasse, because of initial disagreement between Tisza and the also new President of the Republic on who could be the right candidate for the job. This post had been empty since the previous chief pr...

Synthesis of the Brazilian Economy

BRAZIL ECONOMICS · Report · 03 Nov 2026

TURBULENCE AHEAD As the information brought by Lula’s surprising re-election is processed and the political world moves into the new configuration of the board, the most relevant vectors in defining the coming months and years begin to be outlined, revealing a picture of uncertainty ahead. Names...

2027 annual policy agreement: A good first step, anchor still missing

VENEZUELA · Report · 03 Nov 2026

Venezuela’s Executive and its central bank (BCV) have published the 2027 Annual Agreement on Economic Policies, the first since 2008. That’s good news on the institutional front: the authorities are once again putting growth and inflation targets in writing and committing to coordinate fiscal, mo...

The “miracle” bill

COLOMBIA · Report · 03 Nov 2026

President Abelardo de la Espriela’s new Economic Rescue Bill (ERB) is an all-encompassing and ambitious proposal (“miraculous” according to the government) that, besides rhyming with the “patria milagro” (miracle fatherland), a slogan of his administration, aims to generate a primary balance impr...

The Senate may vote on the Public Security PEC, the Copom will meet today to discuss the benchmark interest rate, and the government may send to Congress the provisional measure on the Selective Tax this week

BRAZIL POLITICS · Report · 03 Nov 2026

After the All Souls’ Day holiday, Brasília returns to a packed week. Today’s main focus is the Senate floor, which may vote on the Constitutional Amendment Proposal (PEC) on Public Security, the Lula administration’s flagship proposal on the issue. Senate President Davi Alcolumbre approved a spec...

October inflation: not so bad but, Houston, we have a (bigger) problem

TURKEY · Report · 03 Nov 2026

Consumer prices rose at a somewhat faster than expected pace of 2.6% m/m in October, with annual CPI inflation edging up slightly as a result, to 29.8% from 29.7% in September. Domestic PPI posted a 1.6% month-on month increase in October, as its 12-month rate remained broadly unchanged at 27.4%....

A rate hike is not a peso defense strategy

PHILIPPINES · Report · 03 Nov 2026

The BSP's recent 50-basis-point policy rate increase should be understood primarily as a response to mounting inflationary pressures, not as an attempt to defend a particular peso-dollar exchange rate. Under its inflation-targeting framework, the central bank's principal responsibility is price s...