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Events
Databanks
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Argentina databank May 13 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank May 12
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 16
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank May 12
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Panama databank May 13
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank May 12
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank May 5
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
GULF WEEKLY: Kuwait suspends parliament, Emirates makes record profit, Moody’s hikes Bahrain deficit, UAE sends $14bn to Egypt
GULF COUNTRIES · Report · 17 May 2024 · 1 response
A skimmable summary overlaid with our analysis and links. Headlines: * OPEC has shifted its core unit of analysis in its oil market reports to OPEC+ for the first time. * Half of Rafah’s population has been displaced, and Israel’s cabinet argued over postwar planning. * UK-GCC free trade tal...
US sanctions on Russia for buying arms from North Korea
RUSSIA / FSU POLITICS · In Brief · 17 May 2024
On May 16 the announcement was made in relation to two Russian men and three companies. The United States said these entities have purchased ballistic missiles, shells and other items for use in Ukraine. Almost all of North Korea's military hardware is of Soviet design, so it is compatible with R...
An agreement has been reached on municipalities' payroll tax exemption, the Working Group on Tax Reform regulation may be installed next week, and the STF should discuss the ADI on unjustified labor dismissals
BRAZIL POLITICS · Report · 17 May 2024
After a meeting with Senate President Rodrigo Pacheco (PSD-MG), Minister of Finance Fernando Haddad and Minister of Institutional Relations Alexandre Padilha announced an agreement on the payroll tax exemption for municipalities. It was agreed that the exemption for municipalities will be applie...
Slide Presentation: Colombia - A turbulent year
COLOMBIA · Report · 17 May 2024 · 3 responses
Gain insight into the current challenges facing Colombia as we discuss the prospects for rate cuts, health care and pension reform, and the fiscal situation in our slide presentation "Colombia - A turbulent year".
Balance of payments remained stable in 4M24
RUSSIA ECONOMICS · In Brief · 17 May 2024
The CBR reported that the 4M24 current account surplus climbed to $31.7 bln after it reached $6.6 bln in April alone. As the statistical data for the previous month, published earlier, were revised upward, the surplus appeared a bit wider than expected. Overall, the 4M24 current account surplus e...
Kazakh economy slows in April
KAZAKHSTAN · In Brief · 17 May 2024
The Bureau of National Statistics reported that the short-term indicator that measures monthly economic activity and aggregates monthly trends in the industry, agriculture, construction, transportation, trade, and IT/communications was up by 3.9% y-o-y in 4M24. As in January, 2M24, and 1Q24, it g...
Putin in China
RUSSIA / FSU POLITICS · In Brief · 16 May 2024
On May 16 he landed in Beijing and met his Chinese opposite number. This is a state visit: the supreme expression of cordial relations between sovereign states. It is Putin's first trip abroad since his re-election in March 2024. It signifies the importance he attaches to relations with China. Th...
Brief 3: Mulino´s economic team is taking shape with today´s announcement.
PANAMA · In Brief · 16 May 2024
The Minister of Environment (Medio Ambiente) is Juan Carlos Navarro. Although under a different scenario this Ministry would be operating outside the traditional realm of the economic team, the current circumstance is unique due to the issue of Minera Panama (First Quantum). Mulino's position on ...
Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 16 May 2024
May 2 Parliament: The Senate has ratified the protocol on amendments to the agreement (signed in 2013) between the governments of Kazakhstan and Russia on the transit of Russian oil to China via Kazakhstan. Amendments assumed the extension of the agreement for another ten years with a ten-percent...
The Senate approved the bill that suspends Rio Grande do Sul’s federal debt payment plan, the text on municipalities' payroll tax exemption is ready, and the Joint Budget Committee intends to vote on the LDO by July 9
BRAZIL POLITICS · Report · 16 May 2024
Yesterday, May 15, the Senate plenary approved PLP 85/2024, which authorizes the suspension of Rio Grande do Sul's debt for three years. The bill was presented on Monday, May 13, by the federal government. According to Senator Efraim Filho (União Brasil/PB), the text on municipalities' payroll ta...
US speeding up military aid to Ukraine as Russia approaches Kharkiv
RUSSIA / FSU POLITICS · In Brief · 15 May 2024
On May 15 the US Secretary of State Blinken made the announcement in Kyiv. The aid is part of the USD 61 billion aid package voted through in April 2024. The fast-tracked aid includes air defense, which is Ukraine's top priority. Blinken met ordinary Ukrainians as well as the president in Kyiv. T...
Rate stability expected due to high inflation
ISRAEL · In Brief · 15 May 2024
April’s CPI surprises on the upside Inflation in April was up 0.8% (consensus and my forecast were at 0.6%) and accelerated to 2.8% y/y from 2.7% last month. Core inflation accelerated to 2.4% y/y from 2.3%, but excluding government measures (cigarette tax hike), core inflation was up only 2.1%. ...
The South African economy in a precarious state pre-elections
SOUTH AFRICA · Forecast · 15 May 2024
• South African growth: The South African economy’s slowdown continued in 2023 from 2021’s robust recovery – economic expansion in 2023 was just under a third of the growth rate registered in the preceding year. Although it had moderated by the end of the year, load-shedding reached its peak in 2...
Brief 2: Felipe Chapman will be the new Minister of Economy and Finance (MEF)
PANAMA · In Brief · 15 May 2024
The first appointments of the economic team of President-elect José Raúl Mulino (JRM) were announced today. Felipe Chapman (56) will be the next Minister of Economy and Finance (MEF). Chapman earned a BA in Economics from Brown University and an MBA from INCAE Business School. He is the president...
Jean Paul Prates was fired from Petrobras, the Working Group on Tax Reform regulation may be announced today, and the Senate may vote on the bill that suspends Rio Grande do Sul’s federal debt payment plan
BRAZIL POLITICS · Report · 15 May 2024
After several months of friction and disagreements, Jean Paul Prates has been fired from Petrobras. This is a victory for the Minister of Mines and Energy, Alexandre Silveira, who publicly argued with Jean Paul Prates. According to the president of the House, Arthur Lira (PP-AL), the members of t...