GlobalSource Partners | Country Insights

This week's data continued to point to a resilient Israeli economy despite renewed geopolitical uncertainty. Consumer confidence returned to its pre-war level, supporting a gradual recovery in private consumption, while fiscal performance remained stronger than expected. Strong direct-tax revenue...

A surprise rate hike

INDONESIA · Report · 12 Jun 2026

On June 9, 2026, Bank Indonesia announced a benchmark rate hike of 25 basis points to 5.50%. This rate hike was implemented less than a month from the previous rate hike of 50 basis points on May 20, 2026. These actions were taken by Bank Indonesia in the midst of the downward pressure on the Ind...

Government announces pro-growth measures and policies to mitigate effects of international economic crisis

DOMINICAN REPUBLIC · Report · 12 Jun 2026

After months of consultations with productive sectors and political leaders, the Dominican government announced that it will submit to Congress a bill aimed at increasing government revenues by between DOP 40 billion and DOP 50 billion. These measures, together with the expenditure control act...

The Federal Police rejected a new plea bargain submitted by Vorcaro, Motta appointed Leo Prates as rapporteur for the 6x1 work schedule bill, and the Copom will meet next week to decide on the benchmark interest rate

BRAZIL POLITICS · Report · 12 Jun 2026

The Federal Police informed the Supreme Federal Court (STF) that it rejected a new plea bargain proposal submitted by Daniel Vorcaro of Banco Master. Authorities concluded that Vorcaro failed to provide new information beyond what had already been uncovered in ongoing investigations and did not i...

GULF WEEKLY: Oil drops on deal hopes, Saudi companies postpone IPOs, Oman oil output up 10%

GULF COUNTRIES · Report · 12 Jun 2026

A skimmable summary overlaid with our analysis and links. Headlines: * Trump claimed yet again that an Iran deal is imminent; betting markets see a 50% chance by end-June, and Brent dropped to $86, the lowest since early March. * If there is a breakthrough, with talk of a potential signing th...

TOPIC OF THE WEEK: Gas, roses and peppers—Armenia's dilemma

CAUCASUS / CENTRAL ASIA · Report · 12 Jun 2026

"If peppers are spoiling, I'll pay for those peppers. If roses are spoiling, I'll pay for them, too." Pashinyan's agriculture-related tirade become one of the more widely discussed soundbites of the final week of the campaign. That emotionally-charged outburst was tied to the recent restrictions ...

South Africa’s Q1-2026 current account: stronger external balances amid rising global uncertainty

SOUTH AFRICA · Report · 12 Jun 2026

Data released by the South African Reserve Bank shows that, during the first quarter of 2026, the surplus on South Africa’s current account of the balance of payments widened markedly, to R190.7 billion, up from R50.2 billion in the fourth quarter of 2025. This makes it the largest surplus record...

No change, as expected

TURKEY · Report · 11 Jun 2026

The CBRT/MPC left the policy rate unchanged at 37%, 300 bps below the funding rate, broadly as expected. There was no material change in the statement other than a more explicit reference to demand weakness.

Lula has expanded his lead over Flávio Bolsonaro in the polls, the Senate CCJ approved the PEC on the financial autonomy of the Central Bank, and the House approved a bill that would lead to free urban public transportation

BRAZIL POLITICS · Report · 11 Jun 2026

The Genial/Quaest poll released yesterday showed that President Lula (PT) has expanded his lead over Senator Flávio Bolsonaro (PL) to ten percentage points in the first-round simulation (39% to 29%). In May, the gap stood at six points (39% to 33%). One issue that advanced in the Senate despite r...

Kazakhstan macro: high oil prices and the tax reform support budget revenues in 5M26

KAZAKHSTAN · Report · 11 Jun 2026

The Ministry of Finance announced that in 5M26, total revenues of the republican budget reached nearly KZT9.3 trln, or 40.5% of the annual plan. While this looks solid overall, tax revenues of KZT7.3 trln fell slightly short in our view, hitting 38.3% of the yearly target. The Ministry of Finance...

Russia: a brief market watch

RUSSIA ECONOMICS · Report · 11 Jun 2026

The FX market saw sharp swings in early June, with the exchange rate dropping nearly 5% after the Finance Ministry announced it was boosting hard currency purchases under the fiscal rule from R110 bln in May to R208 bln in June. The ruble’s slide didn’t last long though, as it regained most of it...

How does MEPCO work? A brief guide to understanding how fuel prices are stabilized

CHILE · Report · 10 Jun 2026

The Fuel Price Stabilization Mechanism (MEPCO), as its name suggests, is a mechanism that seeks to smooth sharp changes in consumer fuel prices. In principle, it does not seek to eliminate increases or declines, but rather to ensure that they reach the market gradually. Its main objective is t...

Seeking stability with no takeoff in sight

ARGENTINA · Report · 10 Jun 2026

The debate surrounding Argentina's outlook increasingly revolves around a simple but consequential issue. Can the economy recover before inflation reaches truly low levels, or must inflation fall further before a meaningful recovery can occur? A weaker peso risks reigniting inflation. A stable p...

Budget deficit remains stable in May despite the war; stronger tax revenues support fiscal outlook

ISRAEL · In Brief · 10 Jun 2026

Israel's fiscal deficit remained broadly unchanged in May at 3.8% of GDP (more precisely, 3.75%), equivalent to approximately NIS 81 billion. The monthly deficit in May totaled NIS 8.3 billion, broadly similar to the deficit recorded in May 2025. Overall, the fiscal data remain favorable for the ...

The TSE began discussions on whether the AtlasIntel poll violated Brazil’s electoral legislation, Alcolumbre met with José Guimarães regarding the 6x1 proposal, and the House may vote on the fuel tax offset bill

BRAZIL POLITICS · Report · 10 Jun 2026

The Superior Electoral Court (TSE) began deliberating yesterday on whether to uphold the individual decision issued by the Court’s president, Justice Kassio Nunes Marques, who on Monday (June 8) ordered the removal of content and suspended the publication of a poll conducted by AtlasIntel. Senate...