Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: ECONOMIC UPSWINGS AND POL...

Learn More

COUNTRY INSIGHTS

Base rate cut in line with analyst expectations
HUNGARY · In Brief · 26 Mar 2024

The Monetary Council reduced the base rate by 75bps to 8.25% at today's meeting, just as expected by private sector analysts. This means that the 100bps rate cut of late February indeed proved to be a temporary (more accurately a one-time) deviation from the previous four months' standard monthly...

Haddad will meet with governors to discuss state debt, Pacheco should submit a bill to renegotiate state debt, and the House may vote on the Bankruptcy Law bill
BRAZIL POLITICS · Report · 26 Mar 2024

Today, the Minister of Finance, Fernando Haddad, will meet with the governors of the South and Southeast to present a proposal to review the criteria for indexing the states' debt. Minister Haddad has already taken the matter to President Lula (PT). The governors will also meet with the president...

Politics: How voters are assessing the current administration’s performance in specific policy areas
MEXICO · Report · 25 Mar 2024

In the second half of our analysis of the GEA-ISA nationwide quarterly poll of registered voters conducted in early March, we turn attention away from matters of presidential approval and voter support for this year’s presidential candidates and political parties and focus on citizens' perception...

Economics: More signs of decelerating manufacturing as public finances and monetary policy raise concerns
MEXICO · Report · 25 Mar 2024

Economic data published this past month continued to bear out our projection of a slowdown in early 2024. As predicted, manufacturing contracted anew in January, largely in response to slackened demand from US industry. In Mexico, drivers of economic activity remain primarily domestic as the exte...

The Strength of Internal Demand and the Respective Risks
BRAZIL ECONOMICS · Forecast · 25 Mar 2024

We have revised our growth projection for the year upward to 1.8%. Given the low carry-over from last year, this annual figure requires quarter-on-quarter marginal growth greater than the sustainable pace of output expansion, implying an additional decline of unemployment, and thus persistence of...

The goverment agenda begins to see progress and other weekly topics
BRAZIL POLITICS · Report · 25 Mar 2024

This will be a shorter week due to the federal holiday on Friday. The House is trying to vote on the new Bankruptcy Law and the bill on persistent debtors. Minister Fernando Haddad discusses the states' debt with the governors. This week's Talking Points: * Tax Reform regulation. ...

Machado names substitute candidate
VENEZUELA · Report · 25 Mar 2024

Maria Corina Machado waited till March 22, when the nomination period was already under way, to appoint Corina Yoris as her replacement candidate, stating that she embodies perfect opposition unity. During the press conference, Yoris had support from the parties grouped under the Unitary Platform...

The House may vote on the Bankruptcy Law bill and the persistent debtors bill this week, Haddad will meet with governors to discuss state debt, and French President Macron will visit Brazil this week
BRAZIL POLITICS · Report · 25 Mar 2024

The president of the House, Arthur Lira (PP-AL), scheduled for Tuesday, March 26, the vote on PL nº 3/2024, which provides for changes to the Bankruptcy Law. Another matter that is causing tension in the House and that may be put to a vote is Bill nº 15/2024, which creates a tax compliance progra...

Despite concern about inflation, shekel appreciation may support lowering the interest rate
ISRAEL · Report · 25 Mar 2024

1. The shekel appreciated last week on optimism regarding a possible cease-fire. 2. Supply side disruptions, strong demand for housing rentals (compared to supply) and an accommodative fiscal policy pose inflationary threats 3. Nevertheless, assuming shekel stability, we see a likely rate c...

Analysts expect a 75bps base rate cut tomorrow
HUNGARY · In Brief · 25 Mar 2024

The regular monthly rate-setting meeting of the Monetary Council is due tomorrow. Analysts responding to Portfolio.hu's usual poll have a median expectation of a 75bps base rate cut, with seven respondents forecasting this step, two expecting a 100bps rate reduction, and another two predicting on...

Putin blames Ukraine for Moscow concert hall terror
RUSSIA / FSU POLITICS · In Brief · 25 Mar 2024

On March 22 Putin said that the attackers tried to flee to Ukraine and that Ukraine was involved. He did not state how Ukraine was involved. 4 suspects were arrested in Bryansk, which is near Ukraine. It is possible that the suspects were headed to Ukraine even if Ukraine was not connected to the...

The Plot Thickens
TURKEY · Report · 24 Mar 2024 · 2 responses

Battle lines are frozen across the nation with one week left to elections. AKP-MHP have probably lost Ankara and Izmir and are struggling to make any gains against Imamoglu in Istanbul. CHP is sweating to keep its fortresses elsewhere, such as Antalya, Eskisehir and Edirne. While nothing can be r...

Despite inflationary threats in the medium term, conditions likely to support rate cut in April
ISRAEL · In Brief · 24 Mar 2024

In the past week, the shekel strengthened by 1.2 percent against a basket of currencies, but depreciated after the official exchange rate was fixed on Friday. It seems that in the short term, the shekel will continue to respond to the degree of optimism regarding a possible ceasefire. In the past...

Russia is at war - Putin spokesman
RUSSIA / FSU POLITICS · In Brief · 22 Mar 2024

On March 22 Dmitry Peskov said that there is a war against Ukraine. Russia had officially labelled it a "special military operation" and criminalized the use of the word "war" in relation to it. However, Putin himself slipped out the word "war" in 2023. Peskov said the situation turned into a war...

GULF WEEKLY: Fitch upgrades Qatar, Dubai merges developers, PIF eyes Saudia, US Gaza resolution vetoed
GULF COUNTRIES · Report · 22 Mar 2024

A skimmable summary overlaid with our analysis and links. Headlines: * The US’s draft UN resolution calling for (but not “demanding”) an immediate ceasefire in Gaza was vetoed by China and Russia. * Ceasefire talks continue in Qatar, with differences over Palestinian prisoners and repopulatin...

Copyright 2024 GlobalSource Partners. All rights reserved.