GlobalSource Partners | Country Insights

The Minutes of last week´s Copom meeting reinforces the mismatch between the diagnosis of the inflation outlook and the monetary policy reaction, which was already present in the statement released back then. Anticipating the conclusion, even though BCB correctly perceives the deterioration of th...

The government postponed the decree ending the 6x1 work schedule, Justice Edson Fachin closed the fake news investigation yesterday, and Kassab said PSD support for the government depends on fiscal adjustment

BRAZIL POLITICS · Report · 10 Nov 2026

The government has postponed until next week the decree regulating the end of the six-days-on, one-day-off (6x1) work schedule. The text was expected to be issued yesterday (Nov. 9), but President Lula, who traveled to Turkey for the UN Climate Change Conference (COP31), wants to sign it at a cer...

CPI-inflation up in October, largely in line with expectation

HUNGARY · In Brief · 10 Nov 2026

The headline rate was 0.4% mom, 2% yoy, the latter up from 1.6% yoy in September. Core inflation rose to 2.1% yoy, non-fuel inflation ascended to 1.6% yoy, both up two decimal points from their readings in the previous month. Fuel prices rose by 3% mom, 11.3% yoy, up 9% over the past two months, ...

Weekly Report - November 9, 2026: All political scenarios remain on the table; 2027 budget on hold; October CPI and Q3 GDP data in focus next week

ISRAEL · Report · 09 Nov 2026

Israel's inconclusive election results have complicated government formation and increased the risk of a prolonged political confrontation, potentially delaying approval of the 2027 budget. Eisenkot is seeking to form a minority government quickly, but Lieberman opposes this approach and is pursu...

Commitment to the social agenda and other weekly topics

BRAZIL POLITICS · Report · 09 Nov 2026

President Lula travels to Turkey, where he will attend COP31. He will also visit the Philippines. The Supreme Federal Court will hold a conciliation hearing on ending the six-day-on, one-day-off work schedule. A Joint Committee may be established to review the Provisional Measure on betting. In t...

Economics: Fiscal consolidation sees no progress: the deficit isn't easing, and Pemex's problems are worsening despite support

MEXICO · Report · 09 Nov 2026

Fiscal consolidation is not advancing toward its targets: through September, public sector borrowing requirements (PSBR) totaled MXN 959 billion (up 3% in real terms), and the primary balance plunged from a MXN 190 billion surplus to just MXN 4 billion. Budgetary revenue fell -2.8% in real annual...

Riding the oil wave

BRAZIL ECONOMICS · Report · 09 Nov 2026

The trade surplus should exceed USD 85 billion in 2026 and in 2027, supported by rising exports and imports contained by the slowdown in activity. A significant part of this result comes from oil, favored by higher prices. Regarding remaining exports the effect of US tariffs has been relatively s...

Lula delivered a national address to reaffirm his commitment to fiscal responsibility, he will travel to Turkey today for COP31, and discussions continue on congressional succession

BRAZIL POLITICS · Report · 09 Nov 2026

President Lula delivered his first nationally televised address since his reelection yesterday (Nov. 8), prioritizing his commitment to the social agenda. He pledged to eliminate taxes on basic food staples and implement fare-free public transportation. He also defended fiscal responsibility and ...

Politics: 2027 gubernatorial elections—a tougher road for Morena than expected

MEXICO · Report · 09 Nov 2026

Next year's elections will determine the type of majority Morena holds in the Chamber of Deputies—absolute or qualified—and also whether the 4T expands or loses territorial control in the governorships and municipal presidencies at stake ahead of the 2030 presidential contest. The outcome also ma...

Police at the Tribunal, a partial truce at the NBP and a warning from S&P, as the MPC turns hawkish

POLAND · In Brief · 09 Nov 2026 · 1 response

Summary CPI inflation fell to 3.5% y-o-y in October, from 4.1% in September, below the 3.7% consensus. The return of the fuel relief cut pump prices by almost 10% in one month, and our estimate of core inflation eased to about 3.0%. The MPC kept the reference rate at 3.75% on November 4, but its ...

Further good news on industry and retail sales in September

HUNGARY · In Brief · 08 Nov 2026

Industrial output grew 0.9% mom, 7.8% yoy in September, the latter following +8.6% yoy in August. Thus output growth accelerated to 6.9% yoy in Q3 from 3.6% yoy in Q2, and it reached 4% yoy in January-September. The fixed base chart below (December 2010 = 100) shows a pretty good-looking upswing ...

In dire straits

TURKEY · Report · 08 Nov 2026

The fears of the political analyst regarding sudden early elections, i.e., sometime in 2027, have faded, as Erdogan’s unofficial spokesperson insisted on 16 April 2028, while CHP leader Kemal Kilicdaroglu walked back from his promise of unconditional support for any date. Yet, we are still follo...

GULF WEEKLY: Midterms reshape the war outlook, Saudi deficit expands, ADNOC signs LNG deals

GULF COUNTRIES · Report · 06 Nov 2026 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * The stronger-than-expected Democratic midterm victory raised pressure on Trump to end the Iran war. * The sharp fall in oil to $94 on Wed suggested the market was hopeful, but it has partly rebounded. * Escalation concern...

Property hasn't reached a bottom — timber and China's economy

CHINA ADVISORY · Report · 06 Nov 2026

A spike in demand for timber imports in August raised questions among some funds that China’s property market had reached a bottom. After months of steady YoY declines, August log and sawnwood imports rose 9 percent. However, fundamental property and import data suggests the import increases were...

Political update – November 6, 2026: New paths open for Eisenkot, but forming a government remains a long way off

ISRAEL · Report · 06 Nov 2026

Following the October 27 elections, Eisenkot is expected to receive the mandate to form a government, backed by recommendations from 67 Knesset members but without a clear coalition majority. Lieberman’s willingness to negotiate with ultra-Orthodox parties has opened a new avenue, although he is ...