Services

NEWS FLASH

UPCOMING WEBINAR - TURKEY: FUNDAMENTAL CHANGE OR BUSINESS AS USUAL?...

Learn More

COUNTRY INSIGHTS

Elevated uncertainty will postpone loosening
ISRAEL · Report · 08 Apr 2024

1. We expect a rate hold decision today on elevated conflict escalation risk and concern regarding expansionary fiscal policy. 2. Economic indicators point to a steady recovery, with construction and incoming tourism still below pre-war levels. 3. Exports of both high-tech services and indu...

The chances of a rate cut on Monday have diminished
ISRAEL · In Brief · 07 Apr 2024

Monetary policy: We have shifted our rate forecast today to hold, due to last week’s weaker shekel and elevated risk for escalation. In addition, we think the BoI is increasingly concerned about the expansionary fiscal policy. The BoI revised macro forecast is expected to reflect a higher fiscal ...

No more excuses
TURKEY · Report · 07 Apr 2024

A week after the municipal elections, Turkey is still in shock, including her political class. While experts debate why AKP lost and CHP won, the first clues suggest that victory may be the beginning of a sea change, rather than a one-off incident. President Erdogan seems aware of what has gon...

US and EU pledges USD 358 million to Armenia
RUSSIA / FSU POLITICS · In Brief · 06 Apr 2024

On April 5 the President of the European Commission and the US Secretary of State met the Prime Minister of Armenia in Brussels. The EU will grant Armenia USD 293 million. The EU says it is giving the money to enhance Armenia's economy so it can withstand shocks.  The US said it wants to safeguar...

Disinflation, ersatz disinflation, mayhem
TURKEY · Report · 05 Apr 2024

“There is nothing new except what is forgotten” * Last Sunday’s election outcome leaves us with interesting, yet at the same time pretty obvious questions: Where do we go from here? What does it mean for Minister Simsek’s “program”, as well as – more broadly speaking – his tenure? What will th...

GULF WEEKLY: S&P puts Oman on Positive outlook, opposition maintains majority in Kuwaiti elections, Abu Dhabi records strong Q4 GDP, oil touches $91.
GULF COUNTRIES · Report · 05 Apr 2024 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * Brent crude has risen to $91, the highest since October, partial due to regional tensions. * Israeli airstrikes hit the Iranian embassy in Syria and killed Western aid workers in Gaza. * The UAE and Saudi Arabia were the ...

Webinar Replay - Central America Outlook: Costa Rica, El Salvador, Guatemala
CENTRAL AMERICA · Report · 05 Apr 2024

Visit our calendar page to watch the replay of our webinar on the economic outlook for Costa Rica, El Salvador, and Guatemala. What will fiscal consolidation mean for Costa Rica after its IMF program ends? Will El Salvador agree to a new IMF financing program? Will Guatemala find stability after ...

There are reports that Jean Paul Prates will likely be replaced as president of Petrobras, the MGI will meet with environmental career representatives, and the Joint Committee on the payroll tax exemption should be installed next week
BRAZIL POLITICS · Report · 05 Apr 2024

The relationship between Jean Paul Prates and the government has reportedly deteriorated significantly. In other news, today, the Ministry of Management and Innovation (MGI) will hold a meeting with environmental career representatives to discuss the group’s demands. Currently, employees from Iba...

TOPIC OF THE WEEK: CAs return to "normal" deficit positions in 2023 (and beyond)
CAUCASUS / CENTRAL ASIA · Report · 05 Apr 2024

The publication of current account data for the CCA economies for 4Q23 allows us to assess overall external performance in 2023. Our key conclusion is that the one-off sizable improvement of CA positions in 2022 on the back of excess monetary inflows (remittances) from Russia has mostly come to a...

February industry and retail sales show some further consolidation, though no breakthrough at all by consumer demand
HUNGARY · In Brief · 05 Apr 2024

KSH published February industrial output and retail sales data this morning. Industry grew by 3.5% mom, 0.1% yoy, recovering from -1.1% mom in January and a 13-month series of substantially negative data in year-on-year terms. At this moment, it is not known how the recovery was contributed to by...

Philippines: Disappointing inflation numbers
PHILIPPINES · In Brief · 04 Apr 2024

As we write this In Brief, the Philippine Statistics Authority is about to announce the inflation rate for March 2024 tomorrow at 9 am. We expect a higher inflation rate than January’s 2.8% and February’s 3.4% at slightly below 4.0%. This, to us, is a foregone conclusion because very little progr...

Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 04 Apr 2024

Mar 20 National Financial Regulator: The watchdog will conduct an asset quality review of the 11 biggest banks in Kazakhstan this year. Mar 21 Government: Kazakhstan and Qatar signed an agreement for long-term strategic cooperation to develop projects in priority sectors (the estimated amount is ...

Economic performance remained decent in February
RUSSIA ECONOMICS · In Brief · 04 Apr 2024

Following a previous publication on the performance of the Russian industry in 2M24 (up by 6.6% y-o-y and by 8.5% y-o-y in February alone), Rosstat reported that the output of the five basic sectors (industry, agriculture, construction, trade, transportation) grew in 2M24 by 7.8% y-o-y. In Februa...

The AGU filed a request to extend the conciliation deadline in the Eletrobras case, Lula may issue an MP that could result in a 3% reduction in electricity bills, and the government will file a case against Pacheco’s decision on the payroll tax
BRAZIL POLITICS · Report · 04 Apr 2024

Yesterday, the Federal Attorney General's Office (AGU) filed a request in the Supreme Federal Court (STF) to extend the deadline for conciliation with Eletrobras in the lawsuit that calls for greater government participation in the company. Also yesterday, the Minister of Mines and Energy, Alexan...

Healthcare reform sunk in Congress, but reform drive continues at full steam
COLOMBIA · In Brief · 03 Apr 2024

In spite of resorting to all the tricks in the known universe, the government could not stop the sinking of the healthcare reform in Congress, after 8 Senators in the 7th Committee presented a motion to sink it two weeks ago (Ponencia de Arichivo). After many days and weeks in which the governmen...

Copyright 2024 GlobalSource Partners. All rights reserved.