Services

COUNTRY INSIGHTS

MNB rate decision as expected, vice governor hinted at base rate's future path
HUNGARY · In Brief · 21 Nov 2023

Today's rate decision was another 75 bps reduction of the base rate, which is the effective sterilisation rate again, to 11.5%. So far, no surprise at all, analysts and everyone were almost completely sure about this outcome. However, the more interesting part was what vice governor Virág said in...

“...E La Nave Va”
BRAZIL ECONOMICS · Report · 21 Nov 2023

“…And the ship sails on” The IBC-Br published last week leaves no doubts: GDP growth is clearly decelerating (Graph 1). After all, the path through which the restrictive monetary policy reduces inflation is the decline of actual GDP in relation to potential GDP. Even though the successive redu...

Senator Vieira submitted his final report on the taxation of offshore funds bill, the Senate will conclude discussions on the PEC that limits monocratic decisions in the STF, and Deputy Forte should submit his report on the LDO
BRAZIL POLITICS · Report · 21 Nov 2023

Yesterday, November 20, Senator Alessandro Vieira (MDB-SE) submitted his report to the Economic Affairs Committee (CAE) on the bill that deals with the taxation of exclusive and offshore funds. He did not propose any changes to the merits of the text that was approved in the House. Also today, th...

In a historic ballotage the libertarian newcomer defeated a united Peronism, signaling the end of a “toxic status quo”
ARGENTINA · Report · 21 Nov 2023

In last Sunday's runoff election, the Libertarian Javier Milei managed a surprisingly solid victory against the incumbent Peronist Economy Minister Sergio Massa. With a result of 55.7% against 44.3% (accounting for only the valid vote), Milei obtained a better-than-expected lead of nearly 11pp. ...

Politics: Movements towards the 2024 presidential elections
MEXICO · Report · 20 Nov 2023

It is now clear which presidential candidates will be on the ballot next year. While it has long been known that Xóchitl Gálvez will head up the ticket of the PAN, PRI and PRD alliance Broad Front for Mexico (FAM) and Claudia Sheinbaum that of Morena and its minor party allies, last week the Citi...

Haddad vs. the PT and other weekly topics
BRAZIL POLITICS · Report · 20 Nov 2023

Congress may complete the vote on the Budget Guidelines Law (LDO). In the Senate, a bill on taxing sports betting may be put to a vote. The rapporteur of the bill on the taxation of exclusive and offshore funds may submit his report in the Senate. President Lula is expected to sanction the payrol...

Q3 government sector data reported: the government looks interested in a strong forint at year end
HUNGARY · In Brief · 20 Nov 2023

The MNB released its preliminary data on Q3 financial accounts by sectors, including the government sector's net borrowing requirement (NBR) and its consolidated gross debt. This shows the NBR at 5.9% of GDP in January-September and the gross debt ratio at 75% of GDP at end-September. The NBR, ty...

RC, ADN and PSC share majority in CAL and Commissions
ECUADOR · In Brief · 20 Nov 2023

The government achieved what it was looking for with the political alliance that took place last week within the Assembly—control over the two main committees that decide the fate of the economically urgent bills that Noboa intends to make the axis of his government. They obtained four out of the...

Economics: Tourism approached pre-Covid levels by the second quarter, but based on some indicators has since stalled and turned negative
MEXICO · Report · 20 Nov 2023

Tourism data this year shows that many areas of activity have largely rebounded to pre-pandemic levels. However, the latest figures suggest that a stagnation trend may have begun to emerge in recent months. Among tourism GDP indicators, it is worth noting that the consumption of tourism-related g...

US Defense Secretary in Kyiv
RUSSIA / FSU POLITICS · In Brief · 20 Nov 2023

On November 20 Lloyd Austin visited Ukraine for the second time since the war began. He assured Ukraine that the US is committed to helping Ukraine fight for the long term. Zelensky said Ukraine is ingratiated to the US for all its help. 55% of Ukraine's military aid comes from the United States....

The future of Minera Panama's operation lies in the hands of the Supreme Court of Justice
PANAMA · Report · 20 Nov 2023 · 3 responses

President Cortizo announced on Thursday that Minera Panama had made a “restricted payment” of US 562.8 MM to the government, around 75% of the US 750 MM that was expected for this fiscal year. If the Supreme Court declares sometime within the next few weeks that the now infamous Law 406 (deemed a...

Congress may complete the vote on the LDO, today is the deadline to submit edits to the offshore funds bill, and the STF may adjudicate the ICMS tax rate case on Thursday
BRAZIL POLITICS · Report · 20 Nov 2023

Congress may complete the vote on the Budget Guidelines Law (LDO). Deputy Danilo Forte (União Brasil-CE), rapporteur of the Budget Guidelines Law (LDO), should submit his final report today, November 20, or tomorrow, November 21 at the Joint Budget Committee (CMO). Today is the deadline for prese...

Pithy data commentary-November 17, 2023
CAUCASUS / CENTRAL ASIA · Report · 20 Nov 2023

We comment on the key data and news events in the Caucasus and Central Asia: Armenia: Oct inflation is still around zero, but set to accelerate in the coming months Armenia: Yield curve normalizes after becoming inverted in late Oct on risks of another Azerbaijan invasion Armenia: Remittance...

Floods and deaths due to heavy rains in the Dominican Republic
DOMINICAN REPUBLIC · In Brief · 20 Nov 2023

At least 21 people have died as a result of heavy rains that have impacted the territory of the Dominican Republic since last Saturday, November 18, although the number could reach 30. In Santo Domingo, a historical record of 431 millimeters of rain in 24 hours was verified. Although there is not...

Economic activity accelerates in September
DOMINICAN REPUBLIC · Report · 20 Nov 2023

Economic activity growth in September exceeded 3% y/y, for the first time in 2023. But the Central Bank, aiming to ensure that months of reduced economic growth have been left behind, has further eased monetary policy. In October a new $0.7 billion quick liquidity facility was created, and on Oct...

Copyright 2025 GlobalSource Partners. All rights reserved.