GlobalSource Partners | Country Insights

Tajikistan external story is probably the simplest as the BoP is heavily dominated by remittances from Russia. Tajikistan is the last in the short series on the external accounts of the CCA economies, and it is arguably the most straightforward of all. It has been posting CA surpluses since mid-2...

Zelensky's decision to remove Fedorov sparks fury: street protest announced

UKRAINE · In Brief · 16 Jul 2026

As speculation over the removal of the Svyrydenko Cabinet built through the week, the consensus among Kyiv insiders converged to the point that the real target of the whole maneuver was to remove Defense Minister Mykhailo Fedorov. The wider cabinet reshuffle, among other things, allowed for addre...

The Senate approved the Freight MP, it also approved a PEC on special retirement rules for community health workers, and the U.S. should decide today whether to impose the 25% tariff on Brazilian exports

BRAZIL POLITICS · Report · 15 Jul 2026

Yesterday, the Senate approved the provisional measure (MP) changing the rules governing minimum road freight rates, but without the proposed monthly minimum wage of R$5,000 for truck drivers. The text now goes to the president for sanction. The Senate also approved a proposed constitutional amen...

Economic growth remains steady

KAZAKHSTAN · In Brief · 15 Jul 2026

The Bureau of National Statistics reported that the short-term indicator, which tracks monthly aggregate economic activity across industry, agriculture, construction, transportation, trade, and communications, grew by 5.1% y-o-y in 1H26, up from 4.3% y-o-y in 5M26. The Bureau also released detail...

Fujimori named president-elect; El Niño shock and external drivers buffet the economy; Velarde confirmed as Central Bank governor for five more years

PERU · Forecast · 15 Jul 2026

In our first forecast report since Peruvians elected Keiko Fujimori (KF) as their next president, we first discuss the election process and the decision by the Jurado Nacional de Elecciones (JNE, the national electoral panel) to confirm her as president-elect, and outline the main challenges she’...

Bi-Weekly Economic News Summary

KAZAKHSTAN · In Brief · 15 Jul 2026

Jul 2 Energy Ministry: Russia has not requested fuel supplies, including humanitarian aid. Alatau City Bank: The bank has decided to return KZT 125.3 bln ($261.4 mln) of state aid to the government ahead of schedule. President: Mobile operator VEON, a multinational telecommunication and digital s...

Uzbekistan's BoP suffers the pinch of gold, albeit with a caveat

CAUCASUS / CENTRAL ASIA · In Brief · 15 Jul 2026

The CA deficit has widened significantly on lack of gold exports. Uzbekistan had enjoyed a stream of steadily improving external accounts over 2024/2025 as the CA deficit narrowed from the peak of 8.0 percent of GDP in 1Q24 (on a 12mma basis) to the trough of only 1.9 percent of GDP in 3Q25 (Grap...

The Freight MP may be put to a vote today in the Senate, truck drivers called for a strike yesterday but participation was limited, and Justice Moraes suspended Flávio Bolsonaro’s visitation rights to his father’s house

BRAZIL POLITICS · Report · 14 Jul 2026

The government leader in the National Congress, Senator Randolfe Rodrigues (PT-AP), said yesterday that the Freight MP (Provisional Measure 1,343/26) will be ready for a floor vote today (July 14). Leaders of independent truck drivers called for a strike starting at midnight on Monday in support ...

Georgia is riding an FX wave to its smallest current-account deficit ever

CAUCASUS / CENTRAL ASIA · In Brief · 14 Jul 2026

Georgia's external story has its own defining characteristics, centered around the steady inflow of foreign exchange in the face of complex political relations with the West. The CA registered a deficit of US$356.0mn in 1Q26 on the back of the US$631.1mn deficit posted in 1Q25 and the US$482.5mn ...

Weekly report, July 13, 2026: June CPI in focus; inflation to ease to 1.7%; fiscal data surprise to the upside

ISRAEL · Report · 13 Jul 2026

Key headlines: - The June CPI will be published on Wednesday. We expect inflation to remain unchanged on the month (0.0% m/m), thus lowering annual inflation to around 1.7%, supported by lower fuel prices and the earlier appreciation of the shekel. - We expect one additional 25bp Bank of Is...

Our Take on the Ministerial Commission's Update on Cobre Panama

PANAMA · In Brief · 13 Jul 2026

The government’s latest update confirms that the decision on Cobre Panamá will extend through the end of 2026, ruling out a formal reopening this year and reinforcing the government’s intention to avoid a contract law and preserve negotiating leverage over First Quantum. This was the first substa...

Economics: The USMCA—complex, recurring negotiations amid recent sensitive trade imbalances

MEXICO · Report · 13 Jul 2026

On July 1, Mexico, the U.S., and Canada announced that the USMCA will remain in effect through 2036 (rather than through 2042, as Mexico and Canada had proposed), with annual reviews beginning on that date and formally starting on July 20. Talks are expected to be nearly continuous, covering rule...

A second round in the power fight between Tisza and Fidesz

HUNGARY · In Brief · 13 Jul 2026

Earlier today, Tisza’s parliamentary supermajority approved a constitutional amendment, to oust the President, get rid of the head of the Constitutional Court (and three other judges in the Court, simply by reinstating a previous rule that judges must retire over the age of 70), and cancel the Fi...

Politics: U.S. security strategy and the crisis with Mexico

MEXICO · Report · 13 Jul 2026

President Sheinbaum revived tension with Washington by making the 2024 kidnapping and handover of "El Mayo" Zambada the centerpiece of her press conferences, accusing former Ambassador Ken Salazar of lying about FBI involvement based on a journalistic report describing a disguised aircraft and an...

Synthesis of the Brazilian Economy

BRAZIL ECONOMICS · Report · 13 Jul 2026

The past few weeks, emptied out by the holidays during the World Cup matches, school vacations, and the judicial and parliamentary recesses, have favored the persistence of a frozen electoral scenario, with Lula and Flavio Bolsonaro competing for the lead in opinion polls depending on the tone of...