GlobalSource Partners | Country Insights

Today, the Progressistas (PP) will meet to decide the party’s position in the presidential runoff. The party remained neutral in the first round. The PP elected 41 members of the Lower House and will hold six seats in the Senate in the next Congress. The expectation is that the party will endorse...

Three new data reports (industry, retail sales, budget) and one data preview (CPI)

HUNGARY · In Brief · 06 Oct 2026

Well, this is more good than bad, but not entirely good, we would say.1. Industrial output grew 1% mom, 8.7% yoy in August. This looks quite impressive on the fixed-base chart (Dec 2010 = 100) below, though it still does not reflect a broad-based upswing of industrial activity. The upturn was con...

Weekly Report - October 5, 2026: Fuel-tax cut lowers near-term inflation; BoI set to pause; Israeli bonds outperform; election race remains tight

ISRAEL · Report · 05 Oct 2026

Israel returned from the holiday period with financial markets and the economic data calendar moving back toward normal activity. The main macro development during the holiday period was the Finance Minister's decision to largely offset the latest increase in gasoline prices through an additional...

Synthesis of the Brazilian Economy

BRAZIL ECONOMICS · Report · 05 Oct 2026

The 2026 election for President of the Republic brought frustration to those concerned about the growing mismatch between the country's potential and the paltry results reaped during the last administrations. Increasingly polarized, these administrations had presidents who governed for "their own...

Politics: Morena now has its gubernatorial candidates; their selection points to changes in the balance of power within the party

MEXICO · Report · 05 Oct 2026

Morena has completed the selection of its 17 gubernatorial candidates for 2027, and the process reveals much about the ruling party. Opinion polls, which are the formal selection method, remain opaque and manipulable: results were published late, the firms and methodologies were not disclosed, an...

Russian macro: the government trims expectations of medium-term economic growth

RUSSIA ECONOMICS · Report · 05 Oct 2026

At the end of September, the government released an updated medium-term macroeconomic outlook along with the draft 2027–2029 budget, submitting the necessary documents to the Duma for hearings. Few amendments are expected, and the documents will likely be approved, with only possible minor adjust...

Economics: September indicators—a fragile recovery and narrowing monetary and fiscal room

MEXICO · Report · 05 Oct 2026

September's indicators point to an economy recovering unevenly and exposed on several fronts. Private consumption remain soft, with consumer confidence stuck near historic lows and private investment held back by uncertainty around USMCA and the constitutional reforms recently approved in Mexico....

A break of sorts in a long journey

TURKEY · Report · 05 Oct 2026

CPI inflation was a lower-than-expected 1.8% m/m in September (compared with median expectation of some 2.2%), with annual CPI inflation declining to 29.7% from 31.5% in August, falling below the 30% mark for the first time since December 2021. The surprise seems driven by a sharper than expected...

Upcoming webinar - Brazil elections: Outlook for the runoff

BRAZIL POLITICS · Report · 05 Oct 2026

Date: 6 Oct 2026 Time: 10:00 AM EDT What does the path to the presidency look like for Brazil's presidential candidates? Which way is the country leaning? Join us for our live Zoom webinar featuring GlobalSource Partners' Brazil Politics Analyst Lucas de Aragao discussing the results of th...

MPC preview: a hold this week, and a November call that fuel relief has made harder

POLAND · In Brief · 05 Oct 2026

The Monetary Policy Council (MPC) decides on Wednesday, October 7, and Governor Glapiński speaks on Thursday at 15:00. We expect the reference rate to stay at 3.75%, where it has been since March. The interesting decision is November, when the Council receives the new NBP projection, and five dev...

Pax Silica: Opportunity, but not a blank check

PHILIPPINES · Report · 05 Oct 2026

Pax Silica presents the Philippines with a significant opportunity to participate more deeply in the emerging global technology and supply-chain architecture, but it should not be approached as a blank check. Legitimate concerns over geopolitical alignment, resource demands, environmental and com...

Senator Flávio Bolsonaro and President Lula head to a runoff on October 25, campaigning begins on Friday and runs through October 23, and five presidential polls are expected to be released this week

BRAZIL POLITICS · Report · 05 Oct 2026

Senator Flávio Bolsonaro finished ahead of President Lula in the first round of the presidential election. Flávio received 47.03% of the valid votes, compared with 45.16% for President Lula, a difference of just 1.85 percentage points. Campaigning for the runoff begins on Friday (Oct. 9) and will...

Fast politics, slow economy

TURKEY · Report · 04 Oct 2026

President Erdogan belatedly grasped that the fund scandal could cost him a large amount of votes, and decided to bite the bullet and compensate all victims to the tune of TL1 million, max. In the end, all holders of funds with the suspect assets managers will be compensated at the principal value...

Retail margin caps may be lifted quite soon

HUNGARY · In Brief · 04 Oct 2026 · 1 response

Two days ago, PM Magyar visited the economically less prosperous north-eastern region of Hungary, on the occasion that the newly established National Asset Recovery and Protection Agency (NVVH) previously took into custody a former economy minister of the Fidesz government in the 2010s, not long ...

GULF WEEKLY: Hormuz transits and East-West flows pick up, Saudi pre-budget statement, Qatar’s GDP contracts by -15%

GULF COUNTRIES · Report · 02 Oct 2026

A skimmable summary overlaid with our analysis and links. Headlines: * Ongoing Qatari mediation produced a new proposal but has not yet bridged the US-Iran differences. * Trump has ordered a third aircraft carrier to the region, adding to fears of a post-election escalation. * Oil and LNG Ho...