GlobalSource Partners | Country Insights

Recent publications from the Bureau of National Statistics indicated that in 1H26 GDP grew by 4.1% y-o-y, both on the production side and by end-use. According to official reports, total consumption rose y-o-y by 2.1% in 1H26, with household consumption up 2.0%, suggesting slightly faster growth ...

Why no bazooka stimulus in China?

CHINA ADVISORY · Report · 14 Oct 2026

China is continuing to stimulate the economy. But it is using more creative ways to fund growth. Two of the major policy efforts are a new infrastructure program called the "Six Networks", and a targeted increase in bank lending. While it is too early to call if these programs are a sign of panic...

Lula continues efforts to reverse Flávio’s advantage in the election, the government moved forward with efforts to approve the 6x1 proposal, and Lula is expected to issue a letter to evangelical Christians

BRAZIL POLITICS · Report · 14 Oct 2026

The government continues to pull out all the stops in an effort to reverse the advantage Flávio Bolsonaro (PL) held over Lula in the first round. As a reminder, the gap between the two candidates was 1.87 percentage points of the valid vote. The government has also moved forward with efforts to a...

Economics: Household Spending Survey (ENG) 2025 provides significant findings on health spending and financial outlays

MEXICO · Report · 14 Oct 2026

The ENG 2025 follows household spending day by day over a full year in 28,668 households. It revives the role of the former ENGASTO and addresses the seasonal bias of the ENIGH, which is conducted over only a few months. Its estimates exceed those of the ENIGH by 21.5%, probably because the daily...

IMF raises Israel's 2026 growth forecast to 4.5%

ISRAEL · In Brief · 13 Oct 2026

The International Monetary Fund (IMF) has raised its growth forecast for Israel to 4.5% in 2026, up from 3.5% previously. The upward revision appears reasonable given the strong rebound in GDP in the second quarter, where the economy expanded by 15.9% annualized, and given positive economic indic...

Stability: Work in progress

VENEZUELA · Forecast · 13 Oct 2026

Three shocks have shaped 2026. The January 3 rupture unlocked higher oil revenues under U.S. oversight. War in the Middle East drove oil prices higher. And the June 24 earthquakes killed more than 6,500 people and caused an estimated $14.8 billion in losses. The economy is more stable than it was...

Flávio strengthens his status as favorite and other weekly topics

BRAZIL POLITICS · Report · 13 Oct 2026

Next week, the Senate will conclude the five required sessions of debate on the constitutional amendment proposal that would end the 6x1 work schedule. Senate President Davi Alcolumbre has scheduled a vote on the measure for Wednesday, October 14. Lula and Flávio will give interviews to TV Globo....

The ball is in Flávio Bolsonaro's court

BRAZIL ECONOMICS · Report · 13 Oct 2026

Flávio Bolsonaro is the frontrunner for the Presidency and, if elected, should count on support in Congress to pass important reforms. The market reacted well to the result, but sustaining this optimism depends on the new government taking advantage of the set of proposals already debated by civi...

Accelerating inflation leaves no room for rate cuts but could support budget revenues

RUSSIA ECONOMICS · In Brief · 13 Oct 2026

With the indexation of regulated tariffs (like communal service charges and passenger transportation) postponed until October, inflation for the month could hit around 1.5% m-o-m. In the previous years, this indexation was orchestrated in June. Rosstat noted that in the week ending October 5, inf...

Alcolumbre scheduled for tomorrow the final debate session on the 6x1 proposal, a series of presidential polls will be released this week, and the FPA is organizing a nationwide caravan of representatives to support Flávio

BRAZIL POLITICS · Report · 13 Oct 2026

Senate President Davi Alcolumbre (União-AP) placed the proposed constitutional amendment to end the 6-days-on, 1-day-off workweek (6x1) on Wednesday’s (Oct. 14) agenda, marking the fifth and final day of debate on the proposal. After the rapporteur presents his report on any floor amendments befo...

Back to business as usual

INDONESIA · Report · 13 Oct 2026

The Indonesian economy has started to move back to business as usual. The uncertainty that prevailed during the first two years of the current presidency has slowly dissipated, creating the climate for business expansion once again. The Standard & Poor's PMI for Indonesia reported a significan...

Failing at the front, Putin shifts fire behind the lines; Trump’s diesel deal hands him a gift

UKRAINE · Report · 13 Oct 2026

U.S. President Donald Trump’s diesel deal with Russia came as a shock to Ukraine’s leadership. Hardly anyone expected Trump’s son-in-law Jared Kushner and special envoy Steve Witkoff to deliver a peace settlement -- but few anticipated that they would simply start doing business with the Russians...

Weekly Report - October 12, 2026: Two weeks until the elections, September CPI in focus, fiscal deficit remains low

ISRAEL · Report · 13 Oct 2026

Last week's economic releases provided further evidence that the Israeli economy continues to expand at a relatively solid pace. The most encouraging developments were the rebound in credit-card spending, the improvement in current business conditions and continued strength in imports. The fiscal...

The MPC waits, but November now carries a hike decision, a vacant board and a Sejm vote on the governor

POLAND · In Brief · 13 Oct 2026

No rates change in October The MPC held the reference rate at 3.75% on October 7 (lombard 4.25%, deposit 3.25%), as we expected. At the delayed press conference on October 8 Glapinski said a November hike "isn't shaping up for now" but he does not rule it out, and that the November projection (me...

Politics: Huachicol—a never-ending scandal with serious consequences

MEXICO · Report · 13 Oct 2026

Huachicol, the theft and smuggling of fuel in Mexico, is a set of illegal markets: theft from Pemex pipelines and terminals, theft of LP gas and crude, and fiscal huachicol, in which US diesel and gasoline enter as additives or lubricants to avoid VAT and IEPS excise tax. Pemex’s official figure...