GlobalSource Partners | Country Insights

Minister of Development, Industry and Trade Márcio Elias said on Wednesday (Aug. 19) that the economic reciprocity process in response to tariffs imposed by the United States is not expected to be completed by December. Last week, the government announced that it had initiated the reciprocity pro...

Russia: a brief market watch

RUSSIA ECONOMICS · In Brief · 20 Aug 2026

The FX market’s reaction to the 14% surge in oil prices over the past two weeks, driven by renewed tensions between Iran and the US, was far from straightforward. The ruble fell about 5% during this time, likely due to increased capital outflows, including the non-repatriation of export earnings ...

Israel’s recovery loses some momentum at the start of Q3

ISRAEL · In Brief · 20 Aug 2026

The Bank of Israel’s new monthly activity index declined by 0.12% in July, following a strong 15.4% annualized increase in Q2. The index is still 1.8% above its February level, pointing to a significant recovery in activity following the war with Iran. The three-month measure increased by 0.5%, a...

Kazakhstan macro: navigating a series of external shocks

KAZAKHSTAN · Report · 19 Aug 2026

Recently published economic statistics indicate that despite a number of external shocks that had affected the nation’s ability to export oil, Kazakhstan’s economy is still performing fairly well, although perhaps falling a bit short of expectations. According to the Bureau of National Statistics...

Closing the gap bears a cost in inflation and forex

VENEZUELA · Report · 19 Aug 2026

July laid bare the tradeoff facing the Central Bank of Venezuela (BCV): narrowing the exchange rate gap inevitably comes at an inflation cost and requires abundant foreign currency. The official exchange rate depreciated 18.2 percent, while monthly inflation accelerated to 19.9 percent, confir...

Lots of good news, yet critical times are coming

HUNGARY · Report · 19 Aug 2026

The end of summer is approaching, and it is difficult not to see a remarkable sequence of recent good news. GDP continued to grow in Q2; CPI-inflation fell to a ten-year low in July; a massive budget surplus occurred in the first three months after Tisza’s takeover; the forint remains strong, sup...

Senate President Alcolumbre sent the 6x1 work schedule proposal to the CCJ, Lula’s provisional measure on the “blouse tax” expires on Sep. 8, and Lula continues to criticize online betting

BRAZIL POLITICS · Report · 19 Aug 2026

According to his staff, Senate President Davi Alcolumbre (União-AP) has signed the order sending the proposed constitutional amendment (PEC) that would end the 6-on, 1-off (6x1) work schedule to the Constitution and Justice Committee (CCJ). This means the proposal should reach the CCJ in the comi...

Government borrowing surges in July

CHINA FINANCIAL · Report · 19 Aug 2026

Special points to highlight in this report: * China’s economy remains stuck in the same pattern: industrial production continues to outpace domestic demand, with July retail sales growth falling to just 0.6%. * China is increasingly relying on government borrowing: weak household and corp...

Inflation expectations edge higher as economic activity rebounds

ISRAEL · In Brief · 18 Aug 2026

Forecasters’ inflation expectations increased slightly to 2.0% in August, from 1.9% in July and 1.8% in June. The increase followed a slightly higher-than-expected July CPI reading of 0.3%, compared with market expectations of 0.1%-0.2%. We expect the August CPI to rise by 0.8%, which could also ...

A macro update (or, enjoy it while it lasts!)

TURKEY · Report · 18 Aug 2026 · 1 response

With our weekly on holiday, we thought a brief update on the recent data releases could prove useful. The economy is looking more stagflationary: activity and employment have both stalled, yet inflation has hardly budged from 30%+ levels. Disgruntlement in the business community is growing, to...

Fujimori government enjoys an auspicious start; Economy Minister Cuba outlines his economic reform program; December inflation forecast revised up, risking a policy hike; and long end of the Soberanos curve price under pressure from fiscal risks

PERU · Report · 18 Aug 2026

This report covers the first days of the new national government under President Keiko Fujimori. The first section discusses the first set of opinion polls, and the challenges that the new administration faces. Next, we discuss the economy, and review the May and June real GDP reports, which conf...

The latest presidential poll shows that the race is statistically tied, the investigation into Lula’s son continues, and Caiado replaced his campaign strategist yesterday

BRAZIL POLITICS · Report · 18 Aug 2026

Yesterday, a new Nexus/BTG Pactual poll on the presidential election was released. It showed President Lula (PT) with 41% of first-round voting intentions. Senator Flávio Bolsonaro (PL) has 36%. In a hypothetical runoff, Lula is numerically ahead of Flávio Bolsonaro, 47% to 44%. However, the race...

Economics: Following the Q2 GDP rebound, a slowdown is expected in the second half of the year

MEXICO · Report · 18 Aug 2026

Second-quarter 2026 GDP growth surprised to the upside at 2.1% annually, but the strength came almost entirely from volatile or previously depressed components — mining, agriculture, residential construction, wholesale trade, and health services — that are unlikely to sustain their momentum throu...

Essential CIS Politics: August 4 - 18, 2026

CIS POLITICS · Report · 18 Aug 2026

Major headlines: Ukraine war overview: Russian forces made limited advances amid intensified fighting near Mala Tokmachka, Orikhiv and the fortress-belt cities, while both sides conducted long-range strikes on rear and civilian targets. Peace negotiations overview: Ukraine submitted proposa...

Statistics suggest economy keeps growing in 7M26 fast enough, albeit growth moderates

KAZAKHSTAN · In Brief · 17 Aug 2026

Recent economic and financial data show that Kazakhstan’s economy is still performing fairly well, though perhaps falling a bit short of expectations, with GDP in the first half of 2026 up 4.1% year-on-year and the short-term indicator - a monthly measure of activity across six key sectors - risi...