Services

NEWS FLASH

UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...

Learn More

COUNTRY INSIGHTS

Turkey’s Corruption Crisis: Is There a Way Out?
TURKEY · Report · 29 Dec 2013

Executive SummaryThe war between the erstwhile Islamist allies, AKP and the Sunni Gulen Movement, has escalated every day since it erupted onto the national scene some two weeks ago. The crisis has sprung up constitutional, diplomatic and economic angles that compel us to call the controversy the...

A Civil Cold War, Set to Escalate
UKRAINE · Forecast · 29 Dec 2013

EXECUTIVE SUMMARY “Civil cold war” is a phrase that describes the domestic situation well.The authorities keep living in a reality of their own making, assuming people will accept it, and that the protests will wane. Yet many Ukrainians don’t foresee a continuation of the status quo: that is, the...

Ending the Year Safely
INDONESIA · Report · 29 Dec 2013

Executive Summary The countdown toward 2014 has started to accelerate. It seems so far that we will leave 2013 on a satisfactory note. While at the macro level imbalances remain, at the micro level the Indonesian corporate sector continues to move briskly, albeit at a slower pace. Overall, w...

The Point Guard
PHILIPPINES · Report · 27 Dec 2013

In this, our year-end report, we print in full our conversation with Philippine Budget Secretary Florencio "Butch" B. Abad, by all accounts one of the President's most trusted men. The “point guard” on budget matters, he talks about the pork barrel controversy and its possible impact on public ex...

Mortal Combat turns into Constitutional Crisis
TURKEY · In Brief · 27 Dec 2013

First let me wish our readers a Merry Christmas. Alas, Christmas was not merry for Turkey, with PM Erdogan being forced into a drastic cabinet revision, while departures from the party continued (5 so far). As I had feared, allegations of graft reached PM’s son Mr. Bilal Erdogan. This is the good...

Will Oil Price Be The Scrooge Of The Ecuadorian Economy?
ECUADOR · Report · 26 Dec 2013

Executive SummaryThe strong fall in oil prices since October 2013 and less than optimistic estimations for the future forced government officials to come up with lower GDP growth rates for 2014 and 2015. Minister of Finance Fausto Herrera placed these rates at 4% for 2014 falling back to 3.5% in ...

Future Payback from Energy Reform
MEXICO · Report · 24 Dec 2013

Executive Summary Last week the national statistics office released its report on aggregate demand for the third quarter of 2013. Demand grew 1.5% compared to the same July-September period of a year earlier (GEA had estimated a 1.6% increase). During the second quarter of 2013, demand grew 2.2%....

No Referendum on Reform
MEXICO · Report · 24 Dec 2013

Executive Summary Early last week, the necessary 17-state majority ratified the constitutional reform regarding the energy sector and last Friday, at the National Palace, President Enrique Peña Nieto signed it into law. The enactment itself is likely to produce two main types of political consequ...

(Politics Are) Hot, Hot, Hot
CENTRAL AMERICA · Report · 24 Dec 2013

Executive Summary The Costa Rican presidential race is heating up, with dark horse leftist candidate José María Villalta advancing. A Unimer poll for the daily La Nación, published in early December, gave Villalta 23.7% of the votes by voters who had made up their minds, while government candidat...

Governor on 2014 Monetary Policy: Short Term Gain, Long Term Pain?
TURKEY · In Brief · 24 Dec 2013

Governor Basci introduced the CBT's 2014 Monetary and Exchange Rate Policy report today. As far as the big picture is concerned, there are no major surprises. The Bank plans to deal with the F/X market pressures in two phases, as fas as we can see it. Phase One: Do not move rates any higher than ...

S&P raises Mexico’s credit rating: more wishful thinking on debt quality improvement than hard facts
MEXICO · In Brief · 23 Dec 2013

Standard and Poor’s (S&P), raised Mexico’s sovereign rating from BBB to BBB+ shortly after Energy Reform was approved. Mexico’s country rating has been investment grade for a while. With this action S&P reverses the one notch reduction following the 2009 recession (-6.2% annual GDP change) and br...

Quis Custodiet Ipsos Custodes?
TURKEY · Report · 22 Dec 2013

The arrests of two sons of Cabinet ministers for charges of influence peddling makes it almost certain that AKP-Gulen battle has passed the point of no return. Like Ergenekon-Sledgehammer trials it shall anger and bemuse the nation for years to come. This is the opening act; the pro-Gulen judicia...

Stagflation Postponed to 2014
VENEZUELA · Report · 20 Dec 2013

Executive Summary Venezuela will begin 2014 with growth slowing sharply and inflation remaining sky high. In other words, the country will suffer stagflation. We estimate that GDP will grow by only 1.6 percent this year and shrink by 2.5 percent in 2014. We see inflation rates persisting in the 5...

Advantage Gulen, Service Erdogan
TURKEY · In Brief · 20 Dec 2013

The action on the screen is moving so fast, it is impossible to suppress the adrenalin rush and to contemplate the end of this movie. Dare I say that the Bribery and Corruption Operation (the Operation) may be the second most talked-about affair in GEM after Fed’s taper? In this brief note, I out...

Moderation Times
PERU · Forecast · 19 Dec 2013

Executive Summary Amid a less favorable international environment, and louder political noise, the Peruvian economy slowed mildly this year. The two main culprits were a decline in exports, and dwindling private investment growth. We expect GDP to grow 5% in 2013, or 1.5 pp below the robust avera...

Copyright 2025 GlobalSource Partners. All rights reserved.