GlobalSource Partners | Country Insights

Sep 24 Kazakhstan Stock Exchange: Kazakhstan held a global call with investors as part of the preparation for a new 5Y sovereign Eurobond issue. EBRD: The bank has kept its forecast for Kazakhstan’s GDP growth in 2026 unchanged at 4.7%. Halyk bank: The bank intends to issue discount bonds worth K...

Webinar replay: Brazil elections - Outlook for the runoff

BRAZIL POLITICS · Report · 07 Oct 2026

What does the path to the presidency look like for Brazil's presidential candidates? Which way is the country leaning? Watch our webinar replay featuring GlobalSource Partners' Brazil Analyst Lucas de Aragao discussing the results of the first round and the outlook for the runoff elections.

The União Progressista party federation announced support for Flávio, the Senate will hold the second session on the 6x1 proposal, and Flávio’s campaign coordinator said the Senate should act to impeach STF justices

BRAZIL POLITICS · Report · 07 Oct 2026

The PP and União Brasil, which make up the União Progressista federation and remained neutral in the first round, announced yesterday (Oct. 6) their support for Senator Flávio Bolsonaro (PL) in the runoff of the presidential election, as we had anticipated. The endorsements Flávio Bolsonaro has r...

September CPI moderately below expectation

HUNGARY · In Brief · 07 Oct 2026 · 1 response

As reported yesterday, the median analyst expectation for September headline CPI-inflation was 1.8% yoy, up from 1.3% in the previous month. But the actual figure was 0.2% mom, 1.6% yoy only. Fuel prices indeed rose 5.9% mom, maybe a bit less than expected, but non-fuel inflation was actually -0....

The PP will meet to decide the party’s position in the runoff, the PSD announced that it would remain neutral, and the Senate is expected to hold the first debate on the 6x1 constitutional amendment proposal

BRAZIL POLITICS · Report · 06 Oct 2026

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 co...

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...