GlobalSource Partners | Country Insights

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...

Likely base rate cut in June, further major progress towards meeting conditions for EU funds

HUNGARY · Report · 10 Jun 2026

Our regular readers are most probably fully aware that we have long been hesitating to join the rapidly increasing camp of macro analysts who predict an early reduction of the MNB base rate. However, yesterday's release of the CPI-inflation data for May has changed our view in this regard. Analys...

Mindanao Earthquake: A Humanitarian Crisis and a Test of Governance

PHILIPPINES · Report · 10 Jun 2026

Every year, the Philippines confronts major natural disasters, from typhoons and floods to volcanic eruptions and earthquakes. Yet 2026 has proven particularly devastating. On the morning of June 8, a powerful magnitude 7.8 earthquake struck offshore near Sarangani Province, making it one of the ...

Likely base rate cut in June, further major progress towards meeting conditions for EU funds

HUNGARY · In Brief · 10 Jun 2026

Our regular Readers are most probably fully aware that we have been hesitating for long to join the rapidly increasing camp of macro analysts who predict an early reduction of the MNB base rate. However, yesterday's release of the CPI-inflation data for May has changed our view in this regard.Ana...

Fujimori to become the next president

PERU · Report · 09 Jun 2026

We are the final leg of Oficina Nacional de Procesos Electorales (ONPE, the office responsible for organizing the election) vote counting and the odds of Keiko Fujimori becoming the next president has increased.

The Mencken theorem

BRAZIL ECONOMICS · Report · 09 Jun 2026

The persistence of high interest rates has led to proposals to raise Brazil’s inflation target, currently set at 3%. It is argued that, due to inflation inertia, still a legacy of the hyperinflationary period, the Central Bank faces difficulties in reducing the Selic rate. This idea is mistaken. ...

South Africa records its sixth consecutive quarterly growth in Q1-2026

SOUTH AFRICA · Report · 09 Jun 2026

Real quarterly GDP increased by 0.5% q/q in the first quarter of 2026, following an expansion of 0.4% q/q during the fourth quarter of 2025. This, meanwhile, represents the sixth consecutive positive quarterly growth rate. The latest GDP print indicates that the South African economy maintained i...

Another turn in the war: disrupted Russian frontline logistics and blockade of the land corridor to occupied Crimea

UKRAINE · Report · 09 Jun 2026

The war has taken another turn, and this time clearly in Ukraine's favor. Ukrainian forces have expanded their medium-range drone strike capabilities to the point where this instrument of war is now affecting the battlefield strategically. By May, it was unmistakable that Ukrainian forces had in ...

Alcolumbre will meet with party leaders today to discuss the 6x1 PEC, the House may vote on the fuel tax exemptions bill, and the TSE will discuss whether an AtlasIntel poll violated Brazil’s electoral legislation

BRAZIL POLITICS · Report · 09 Jun 2026

Today’s main focus is the meeting between Senate President Davi Alcolumbre (União-AP) and party leaders to discuss the procedure for the constitutional amendment proposal (PEC) that would end Brazil’s 6x1 work schedule. The issue is considered a priority for the government. A meeting of Lower Hou...

Elections and outlook for next administration - Webinar replay

PERU · Report · 09 Jun 2026

Watch the replay of our webinar featuring Alfredo Thorne discussing what the election results mean for Peru's outlook, the next administration's priorities, and the challenges that will face it

Economics: Mexican automotive sector faces high uncertainty ahead of USMCA renegotiation process

MEXICO · Report · 09 Jun 2026

The first formal round of negotiations for the USMCA review took place on May 28 and 29 in Mexico City. According to various official statements and declarations, a significant portion of the agenda focused on automotive sector rules of origin and the current tariff applied to non-U.S. content in...

Theft and waste of public money: another source of fiscal adjustment

HUNGARY · In Brief · 09 Jun 2026

The following story is published here to demonstrate that EU money is not the only, and perhaps not even the main, possible source of fiscal adjustment in Hungary, and to contribute to the explanation of why the Tisza government is not starting its operation by raising taxes and/or reducing spend...