GlobalSource Partners | Country Insights

The Bank of Israel cut its policy rate by 25bp to 3.25%, its third consecutive rate cut. The decision was somewhat surprising. As we noted ahead of the meeting, when the decision when the decision is not clear-cut, the Bank of Israel has generally tended to err on the side of caution. This time, ...

Essential CIS Politics: August 19 - September 1, 2026

CIS POLITICS · Report · 01 Sep 2026

Key stories: * Russia advanced about 200 square kilometers overall, but a Ukrainian counterattack near Slavyansk rolled back the northern flank. * Ukraine steps up forced mobilization: the Army still needs at least 30,000 recruits a month. * Ukrainian drones set fire to Ozon warehous...

Reality knocks at the door

BRAZIL ECONOMICS · Report · 01 Sep 2026

GDP grew 0.5% in the second quarter, well below the figure recorded in the first quarter of 2026, although slightly better than the average forecast of 0.4%, suggesting an economic slowdown, a theme to which we had drawn attention in our most recent reports. In recent quarters, the economy has...

The government 2027-2029 economic outlook and budget plan suggests steady GDP growth in the years ahead

KAZAKHSTAN · In Brief · 01 Sep 2026

The Kazakh government has released its macroeconomic forecast for 2027-2029, along with aggregate republican budget figures and some data tied to the consolidated budget. Overall, the outlook seems reasonable, though the baseline scenario may be a bit optimistic, projecting steady GDP growth of 5...

The TSE suspended presidential candidate Renan Santos’s campaign, candidate Augusto Cury rose significantly in the polls, and Justice Toffoli was criticized for his decision against Renan Santos

BRAZIL POLITICS · Report · 01 Sep 2026

Two new developments yesterday shook up the presidential race. The first was the surprising rise of Augusto Cury (Avante) in voting-intention polls. Cury gained 6.2 percentage points in the AtlasIntel poll, reaching 7.8%. In the Nexus/BTG poll, the Avante candidate climbed nine points to 11%. The...

Weekly report, August 31, 2026: BoI rate decision tomorrow, politics approaches the candidate-list deadline, and some loss of economic momentum

ISRAEL · Report · 31 Aug 2026

The Bank of Israel will announce its interest-rate decision tomorrow. The decision appears finely balanced, although our view remains that the Bank is more likely to wait rather than cut rates. The August CPI is forecast to rise by a relatively high 0.8%, followed by a 0.2% decline in September. ...

Peru: Fujimori to face her first political challenge

PERU · In Brief · 31 Aug 2026

Last Friday, the Fujimori government approved at its Cabinet meeting the delegated legislative faculties request from Congress; and the 2027 budget. Both have to be approved by Congress' lower house where Fujimori's political party, Fuerza Popular (FP), has a minority. According to the latest est...

Electoral considerations drive the Lula-Alcolumbre alliance and other weekly topics

BRAZIL POLITICS · Report · 31 Aug 2026

Congress will hold a concentrated legislative session this week. The agenda includes several bills and proposals of interest to the government: the elimination of the “small-package tax,” the end of the 6-on/1-off work schedule, critical minerals policy, Redata, and the Public Security Constituti...

Synthesis of the Brazilian Economy

BRAZIL ECONOMICS · Report · 31 Aug 2026

WHAT HAUNTS LULA IS THE DREAM OVER? - Just over one month before the election, the undefined picture is beginning to take shape, albeit still incipiently. Lula, whose government rejection rate is similar to its approval rate, is moving farther away from a fourth term; his best chance would be ...

Net Exports Drive Q2 Growth

TURKEY · Report · 31 Aug 2026

The Turkish economy grew by 2.3% y/y and 1.1% q/q in the second quarter of the year, slightly down and considerably up from the previous quarter, respectively. As usual, we focus on the quarterly (sequential) growth rates here to better gauge the cyclical state of the economy. The strong Q2 grow...

The deadline for RRF (and cohesion funds) conditionality expires today

HUNGARY · In Brief · 31 Aug 2026 · 1 response

At stake is €16.4bn, of which RRF is €10bn, two-thirds in grants and the rest in loans. All conditions are to be met and all utilisation of the RRF needs to be completed by the close of play tonight, or else the RRF funds will be partially or fully lost for Hungary.Earlier today, Minister of Tran...

Politics: Rocha Moya and the conflict at the top of Morena and the 4T as a whole

MEXICO · Report · 31 Aug 2026

Rubén Rocha Moya's abrupt and short-lived return to Sinaloa's governorship, followed within 33 hours by a second, indefinite leave of absence, exposed a serious rift at the top of Morena over who truly controls the movement — Claudia Sheinbaum or her predecessor's inner circle. Rocha Moya's decis...

A week of concentrated legislative effort in Congress, President Lula to have dinner with business leaders and bankers tonight, and five polls should be released this week

BRAZIL POLITICS · Report · 31 Aug 2026

This will be a week of concentrated legislative effort in Congress, with several bills of interest to the administration on the agenda, including the repeal of the “small-package tax,” the end of the 6-on/1-off work schedule, critical minerals policy, Redata (tax incentives), and the Public Secur...

Wanted: stronger forward guidance

PHILIPPINES · Report · 31 Aug 2026

The BSP’s 25-basis-point rate hike last Thursday was a step in the right direction, but the market’s reaction suggests that the message may not have been strong enough. The peso weakened further, while the real policy rate remains negative at about -1.2 percent against July inflation of 6.2 perce...

Economics: Mexico's August data shows a rebound in some sectors but it won't translate into lasting growth

MEXICO · Report · 31 Aug 2026

Mexico's economic indicators released in August showed a partial rebound: private consumption grew 2.6% YoY in May and gross fixed investment rose 2.4%, following twenty consecutive months of decline, while June's IGAE advanced 1.7% annually, and revised second-quarter GDP came in with 1.9% annua...