Services

NEWS FLASH

UPCOMING WEBINAR - HUNGARY ELECTIONS 2026: POLLS, RISKS AND MACRO OUTLO...

Learn More

COUNTRY INSIGHTS

Israel’s economy under war: macroeconomic and geopolitical developments - Weekly report, March 20, 2026
ISRAEL · Report · 20 Mar 2026

Headlines: - Israel struck major energy infrastructure in Iran, including the South Pars gas field, and Iran retaliated by targeting energy facilities in Qatar and Israel, including refineries. At the same time, Iran continues to launch limited, but more advanced missiles, creating repeated dis...

NBU holds rate at 15% as Iran-driven risks mount
UKRAINE · In Brief · 20 Mar 2026

The NBU Board held its prime rate at 15.0%, starting from March 20th. The decision was a notable shift in tone from the February communication, driven primarily by the spike in energy prices following the ‘Epic Fury’ operation in Iran, as well as uncertainty surrounding the new IMF program. The N...

Haddad has departed from the Ministry of Finance, Vorcaro has signed a confidentiality agreement with the authorities, and the STF begins adjudication of the case filed by the PT against the privatization of Sabesp
BRAZIL POLITICS · Report · 20 Mar 2026

The departure of Fernando Haddad from the Ministry of Finance was published in the Federal Official Gazette. Dario Durigan, who had been serving as Executive Secretary, has been appointed minister. Former banker Daniel Vorcaro has signed a confidentiality agreement with the authorities involved i...

Webinar replay - Oil Markets 2026+: Geopolitical Risks and Supply Dynamics Beyond the Glut
GULF COUNTRIES · Report · 20 Mar 2026

As geopolitics overshadow supply in Venezuela, Iran, Russia and Kazakhstan, OPEC+ looks towards its second decade amidst an oil glut. What key local developments should market participants focus on to make sense of the oil market outlook in 2026 and beyond? Could Kazakhstan's chronic overprod...

Tax revenues soar in 2M26 amid VAT reform
KAZAKHSTAN · In Brief · 20 Mar 2026

In 2M26, the republican budget posted a small deficit of about KZT0.9 trln while the full year deficit was targeted at KZT4.6 trln. The 2M26 deficit appeared small, not least because expenditures lagged as about KZT0.9 trln was left unallocated. Hence, in 2M26, expenditures accounted for 14.3% of...

TOPIC OF THE WEEK: From Tehran to the pump: oil shock inflation in the Caucasus and Central Asia
CAUCASUS / CENTRAL ASIA · Report · 20 Mar 2026

The adverse oil shock emanating from the Iran crisis risks derailing the disinflation story that I expected across the CCA this year. Inflation across the region appeared to have peaked in 2025, with most economies projected to see easing price pressures in 2026, including on slower growth, a fav...

Administrative fuel price caps look unsustainable
HUNGARY · In Brief · 20 Mar 2026

The following is supposed to be an important contribution ahead of next Tuesday's (March 24) Monetary Council meeting, which is scheduled to discuss the Q1 inflation report as well.Effective March 10, the government introduced 'protected retail prices' for the most basic types of fuels, which are...

The Hormuz observatory
BRAZIL ECONOMICS · Report · 19 Mar 2026

In light of what has occurred in recent weeks, and even of the market pricing of interest rates, Copom reducing the target for the Selic rate by 0.25 p.p. to 14.75% per year was no surprise. That said, I did not anticipate the increase in the Central Bank’s inflation projection for the relevan...

The threat of a truckers’ strike is dominating the government’s agenda, today is the deadline for Lula to sign into law the bill that reduces tax rates for the chemical industry, and Vorcaro is currently negotiating a plea agreement
BRAZIL POLITICS · Report · 19 Mar 2026

The threat of a truckers’ strike is dominating the government’s agenda in Brasília. As announced on March 18 by Transportation Minister Renan Filho, the government plans to expand electronic monitoring of freight nationwide, in addition to strengthening on-the-ground enforcement. Today is the dea...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 19 Mar 2026

Minfin’s decision to pause fiscal rule operations on the FX market has clearly impacted the ruble, with USD/RUB climbing from 77.2 in early March to around 84-85 recently. This might seem odd given the surge in oil prices, with Urals now above $90/bbl and Brent topping $110/bbl after more than fi...

Iran War Day 19: Israel strikes Iran’s gas and Iran retaliates against Qatar and UAE energy sites
GULF COUNTRIES · In Brief · 19 Mar 2026

Highlights Israel struck South Pars, the world’s largest gas field (shared with Qatar). Iran retaliated by firing missiles at Qatar’s Ras Laffan, damaging the Pearl GTL plant. Gas and oil fields in the UAE were also damaged. Brent crude surged to $112. Israel killed Iran’s Intelligence Minister. ...

The transition needs an anchor
VENEZUELA · Report · 18 Mar 2026

In February 2026, monthly inflation fell to 13 percent from January’s 32 percent. Driving this slowdown were fiscal tightening and more generous foreign exchange interventions. The doubling of the amount of dollars auctioned and the seasonal rise in tax collection made it possible to temporarily ...

Iran War Days 17–18: Israel kills Larijani; allies reject Hormuz mission; top US official resigns
GULF COUNTRIES · In Brief · 17 Mar 2026

Highlights Update for March 16-17. Israel killed Ali Larijani, one of Iran’s de facto leaders. EU foreign ministers and others rejected Trump’s demand for a naval coalition to secure Hormuz. The most senior US counterterrorism official resigned, calling the war unjustified. Iran struck a gas fiel...

Peru: Prime minister resigned
PERU · In Brief · 17 Mar 2026 · 1 response

This afternoon, Prime Minister Denisse Mirelles, adverting a no-confidence vote in Congress tomorrow, decided to resign. We had expected this event and covered in our March forecast essay publish today.  A few minutes ago, President José María Balcázar took oath to the new Cabinet led by Luis Arr...

Jumping into the dark
HUNGARY · Report · 17 Mar 2026

Less than four weeks before the election, there is no sign of any significant change in the previously known odds. On one hand, Tisza maintains a significant and even moderately increasing lead in the polls. But on the other, these surveys do not include the views of those who vote from abroad, a...

Copyright 2026 GlobalSource Partners. All rights reserved.