GlobalSource Partners | Country Insights

It seems Mr. Trump's latest intermediate peace deal with Iran plays to the hands of the new government of Hungary, through its beneficial impact on global energy prices. Last night, PM Magyar announced that his government is proposing to end the existing system of 'protected' retail fuel prices, ...

Bi-Weekly Economic News Summary

KAZAKHSTAN · In Brief · 17 Jun 2026

Jun 4 Qazaqgaz: The company and Russian Gazprom signed an agreement on additional gas supplies to Kazakhstan in 2026 Jun 5 NBK: The regulator lowered the base rate from 18% to 17%. NBK: The Bank has raised its forecast for the country's GDP growth in 2026 to 4.5-5.5% from the previously expected ...

The STF upheld the detention of Vorcaro’s cousin and father, the STF also convicted Eduardo Bolsonaro of coercion in the course of judicial proceedings, and the Lower House unblocked its agenda

BRAZIL POLITICS · Report · 17 Jun 2026

The Second Panel of the Federal Supreme Court (STF) upheld yesterday (June 16) the detention of Felipe Cançado Vorcaro and Henrique Moura Vorcaro, respectively the cousin and father of Banco Master owner Daniel Vorcaro. The final vote was 3–1. In the STF’s First Panel, former Federal Congressman ...

Managing inflation, preserving monetary policy credibility

PHILIPPINES · In Brief · 16 Jun 2026

If there is one key implication of inflation slowing from 7.2% in April to 6.8% in May, it is that the Bangko Sentral ng Pilipinas (BSP) now has greater flexibility in calibrating monetary policy. The moderation in inflation reduces the urgency for either an off-cycle policy meeting or an aggress...

May CPI fell by 0.3%; strong shekel and lower oil prices support further rate cuts

ISRAEL · In Brief · 16 Jun 2026

The May CPI fell by 0.3%, slightly below market expectations for a decline of 0.1%-0.2%. The decline was driven mainly by a sharp drop in overseas travel prices (-9.3%), reflecting both seasonal factors (airfare prices typically decline in May after the Passover holiday) and the sharp appreciatio...

The STF should hear the criminal case involving Congressman Eduardo Bolsonaro today, Paulo Gonet rejected Vorcaro’s second plea bargain, and Zé Trovão submitted his report on the Freight Transportation MP

BRAZIL POLITICS · Report · 16 Jun 2026

The First Panel of the Supreme Federal Court (STF) is scheduled to hear today the criminal case involving former Congressman Eduardo Bolsonaro (PL) and political commentator Paulo Figueiredo. The investigation stems from public statements and social media posts in which Eduardo Bolsonaro claimed ...

Ecuador after two and a half years of Noboa

ECUADOR · Report · 16 Jun 2026

President Noboa did not inherit an easy country to run. Creeping political instability during the year and a half of President Guillermo Lasso’s government, ending in his dismissal, prevented Ecuador from reaching its potential growth rate or recovering adequately from the crisis of Covid-19. ...

Peru elects Keiko Fujimori as its next president

PERU · Report · 16 Jun 2026

This report is devoted to analyzing the outcome of the second-round runoff presidential election, in which candidates Keiko Fujimori (KF) of Fuerza Popular (FP) and Roberto Sánchez (RS) of Juntos por el Perú (JPP) faced off on June 7. First, we discuss the uncertainty surrounding the election res...

"Fiscal time bomb" proposals worry the government and other weekly topics

BRAZIL POLITICS · Report · 15 Jun 2026

President Lula is attending the G7 meeting in France. Senate President Davi Alcolumbre may refer the proposal to end the 6-on-1 work schedule to the Senate Constitution and Justice Committee (CCJ). The rapporteur of the provisional measure on minimum freight rates may present his report to the Jo...

Essential CIS Politics: June 1-15, 2026

CIS POLITICS · Report · 15 Jun 2026

Major headlines: - Armenia parliamentary elections (June 7, 2026): Prime Minister Nikol Pashinyan’s Civil Contract party won Armenia’s parliamentary elections with 49.8% of the vote, securing a working majority but missing a constitutional majority. The main opposition gained seats amid Weste...

RRF funds to arrive in late 2026

HUNGARY · Report · 15 Jun 2026

In late May, the new government reached a political agreement with the EU Commission on the conditional release of nearly all of the so-far-blocked EU funds. Further efforts to actually receive the money will focus on the RRF, where an extraordinarily high time pressure remains. Here, conditions ...

Living on borrowed time

BRAZIL ECONOMICS · Report · 15 Jun 2026

The economic outlook changed considerably over the second quarter of the year. Much of this, of course, reflected the depth and duration of the geopolitical crisis in the Strait of Hormuz. If the U.S. government expected the Iranian regime to capitulate quickly, particularly after eliminating its...

Lula will attend the G7 Summit in France this week, Alcolumbre is expected to submit the 6x1 workweek PEC to the CCJ, and the STF should hear the criminal case involving Congressman Eduardo Bolsonaro

BRAZIL POLITICS · Report · 15 Jun 2026

President Lula will attend the G7 Summit in France this week. He is expected to seek a meeting with U.S. President Donald Trump to discuss the tariffs imposed on Brazilian products. This week, Senate President Davi Alcolumbre (União-AP) is expected to refer the proposed constitutional amendment (...

Economics: Development banking in Mexico—a persistent deterioration

MEXICO · Report · 15 Jun 2026

Although development banking is one of the main pillars for achieving the goals of Plan México and the Infrastructure Investment Plan for Development with Wellbeing announced by President Sheinbaum as the strategies to reactivate investment and economic growth, in practice development banking has...

Economic growth moderated but remains stable

KAZAKHSTAN · In Brief · 15 Jun 2026

The Bureau of National Statistics reported that the short-term indicator, which measures combined economic activity in industry, agriculture, construction, transportation, IT/communications, and trade, grew by 4.3% y-o-y in 5M26, slightly higher than the 4.2% growth in the first four months. In M...