GlobalSource Partners | Country Insights

The twin earthquakes of June 24 altered the macroeconomic landscape just as the Central Bank of Venezuela (BCV) was beginning to experiment with a new exchange rate regime. Reconstruction will increase public expenditure needs at a time when deteriorating oil revenue reduces the room to finance t...

Ukraine secures IMF funds, but the political cost of implementation is mounting

UKRAINE · In Brief · 21 Jul 2026

The IMF Executive Board completed the First Review of Ukraine's four-year, $8.1 billion Extended Fund Facility on July 20, releasing an immediate disbursement of about $690 million. Cumulative disbursements under the programme now reach roughly $2.2 billion — about 27% of the full package, five m...

Jair Bolsonaro’s legal team asked Justice Moraes to reconsider his ban on Flávio Bolsonaro’s visits, Lula builds a political platform in Minas Gerais, and Justice Dino contacted the police regarding congressional earmarks

BRAZIL POLITICS · Report · 21 Jul 2026

Former President Jair Bolsonaro’s defense team asked Justice Alexandre de Moraes to reconsider his decision barring Senator Flávio Bolsonaro from visiting his father for 90 days. The attorneys argue that the restriction is “disproportionate” and “excessive”. President Lula has finally managed to ...

Economics: Recent positive gross fixed investment figures should be taken with caution

MEXICO · Report · 21 Jul 2026

Gross fixed investment posted its first annual increase in April 2026 (5.1%) after 20 consecutive months of decline — a figure hailed in official media as a sign of recovery, even though the January-April cumulative figure remains negative (-1.0%) and starts from a very low base of comparison. Th...

Weekly report, July 20, 2026: June CPI eases to 1.6%; geopolitical risks rise; legislative blitz ahead of October elections

ISRAEL · Report · 20 Jul 2026

Key headlines: * The collapse of the U.S.-Iran ceasefire has increased the risk of a broader regional conflict. While our base case remains that the fighting will be contained, the risk of Israeli involvement has increased. Such a scenario would likely require additional defense spending, wid...

Decrees will not solve the problem

ECUADOR · Report · 20 Jul 2026

Unexpectedly, a few days ago, President Noboa issued Executive Decree 444, which contains a complicated reform to the methodology of setting prices for derivatives. The discontent of the public in May, when gasoline prices rose and scarcity was widespread, probably cautioned the president and his...

One candle for God; another for the devil

BRAZIL ECONOMICS · Report · 20 Jul 2026

High-frequency data show a slowdown in economic activity in the second quarter, although some sectors remain resilient. This outcome is consistent with the current scenario, which combines restrictive monetary policy with fiscal, parafiscal and credit stimuli moving in the opposite direction. Muc...

Why the presidential race remains open and other weekly topics

BRAZIL POLITICS · Report · 20 Jul 2026

The party convention period, during which parties define their candidates and alliances, begins today, July 20. On Saturday, July 25, the Liberal Party (PL) will formally nominate Flávio Bolsonaro for president. The following day, July 26, the Social Democratic Party (PSD) will formally nominate ...

The party convention period begins today, the PL will officially nominate Flávio Bolsonaro on Saturday (July 25), and the 25% U.S. tariff will take effect on Wednesday

BRAZIL POLITICS · Report · 20 Jul 2026

Party conventions begin today, July 20, and will continue through August 5. During this period, political parties will meet to select their candidates and establish coalitions. On Saturday (July 25), the Liberal Party (PL) will officially nominate Flávio Bolsonaro for president at its convention ...

Kazakhstan macro: The economy becomes more resilient to external shocks

KAZAKHSTAN · Report · 20 Jul 2026

The Ministry of Finance released budget execution statistics that looked fairly positive, although revenues likely fell short of government expectations. Kazakhstan faced some bad luck early in the year when the CPC oil terminal was damaged, hurting both economic growth and budget revenues in Jan...

Politics: The relationship between organized crime and politics in Mexico and Latin America — what is its magnitude and what does it imply?

MEXICO · Report · 20 Jul 2026

Mexican politics and organized crime are bound together not by a single, uniform relationship but by a layered continuum whose intensity varies sharply from one territory to another. At its most basic, criminal groups purchase the omission of police and officials through bribery; further along th...

Two inflation shocks, one policy challenge

PHILIPPINES · Report · 20 Jul 2026

The Philippines is facing two simultaneous inflation shocks: a larger-than-expected wage increase and renewed external pressures from volatile oil markets and a weaker peso. Together, these could delay the return of inflation to target, underscoring the importance of maintaining credible monetary...

No rest for the wary in the summer

TURKEY · Report · 19 Jul 2026

As summer heat fries brains and saps all physical energy, our valiant politicians are sweating hard to make use of the dormant summer months. During the week, three Turkish administration sources for the first time ever expressed determination to resolve the S-400 barrier to the lifting of CAA...

The constitutional amendment went through without legal problems

HUNGARY · In Brief · 19 Jul 2026

Somewhat unexpectedly, President Sulyok signed the Constitution's 17th amendment last night, without turning to the Constitutional Court on the matter, to delay the amendment's taking effect. As a consequence: - His office term will end at midnight, today. Parliament's president, Ágnes Forsthoffe...

GULF WEEKLY: Conflict pushes oil back to $87, US eases chip exports to UAE, Qatar’s former Emir dies

GULF COUNTRIES · Report · 17 Jul 2026 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * US and Iranian strikes reached their most intense since April, and oil surged as high as $87. * Hormuz transits ground to a halt with the Iranian attacks (killing two Indians) and the US blockade. * Iran attacked Kuwait h...