Services

NEWS FLASH

WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...

Learn More

COUNTRY INSIGHTS

South Africa’s economy starts 2021 on a positive note, but the looming third wave of Covid-19 infections present a downside risk to growth
SOUTH AFRICA · Report · 08 Jun 2021

Real annualized quarterly GDP went up by 4.6% in the first quarter of 2021. This was following annualized expansions of 67.3% q/q and 4.6% q/q during the third and fourth quarter of 2020, respectively. Today’s GDP print confirms that South Africa’s economy is indeed recovering from its record slu...

Russian Macro: Revising Forecasts Uр
RUSSIA ECONOMICS · Forecast · 08 Jun 2021

Amid the ongoing global recovery, continuously loose monetary policies in the developed countries, and fiscal stimuli, oil and other commodity prices are likely to secure Russia’s strong current account surplus this year and next despite rapidly growing imports. The federal budget is likely to be...

The 140th attention-grabbing ploy, amid a strong economy
UKRAINE · Report · 08 Jun 2021

We’re all doomed to watch President Volodymyr Zelenskiy’s latest TV project, called “The National Security Council.” Every Friday, journalists and observers are obliged to set aside time to find out what the producers in the Office of the President have generated for the nation’s viewers this tim...

Data on industry, hotels and inflation
HUNGARY · In Brief · 08 Jun 2021

Industrial output rose 59.3% yoy but fell 3.2% mom in April, both on sda basis. The first one was spectacular, but there was a massive base effect, because of a Covid lockdown in force last April, of course. The second one was quite poor, but there was a Covid lockdown in force this April, too. T...

Arthur Lira discusses Administrative Reform, Paulo Guedes deals with the privatization of Eletrobras and Marcelo Queiroga testifies in the COVID CPI
BRAZIL POLITICS · Report · 08 Jun 2021

The COVID CPI will likely focus on Copa America and Dr. Luana Araujo’s testimony from last week. The national leadership of the PSDB discusses the upcoming primaries. There is intense political pressure for the extension of the emergency aid program.

​Unemployment back above 8%
PHILIPPINES · In Brief · 08 Jun 2021

The just released April round of the Labor Force Survey offers an informative comparison of the employment picture between first, this year’s lockdown vs. last year, and second, job losses during the latest lockdown. The main takeaways:Losses from this year’s smarter lockdown were substantially l...

Politics: Tough choices in wake of campaign 2021
MEXICO · Report · 08 Jun 2021

Although the parties allied in support of AMLO will no longer enjoy a qualified majority in the Chamber of Deputies, it appears the president may command the simple majority needed to pass regular legislation, including the expenditure bill over which the lower chamber of Congress holds exclusive...

Russia's riposte to Canadian sanctions
RUSSIA / FSU POLITICS · In Brief · 08 Jun 2021

On June 7 Moscow imposed sanctions on 9 Canadian officials. They are government ministers and security chiefs. This was in response to Canada's sanctioning of Russian officials over the Navalny case. The 9 Canadians are forbidden to enter Russia indefinitely.The surprising thing is that it took t...

OMAN: Quick thoughts ahead of sukuk issuance
GULF COUNTRIES · In Brief · 07 Jun 2021

Oman is coming to market with a sukuk only four months after its unexpectedly large $3.25bn bond in January. We had expected that the sovereign would hold back until EDO had gone ahead with its inaugural issuance, of up to $5bn, which the Minister of Oil recently implied would come this month (be...

Economics: FDI plunge continues unabated as additional hurdles loom
MEXICO · Report · 07 Jun 2021

Foreign Direct Investment entering Mexico fell 29.1% at the first quarter of 2021 compared to the same quarter a year prior. A particularly noteworthy aspect of the Foreign Direct Investment result for the first quarter was how reinvested profits increased in relative terms to 60% of total FDI du...

What Appears and What is Hidden in the GDP Numbers for the First Quarter?
BRAZIL ECONOMICS · Report · 07 Jun 2021

We have In the first quarter of 2021, GDP grew by 1.2%, leaving a carry-over of 4.9% to the year, prompting revisions of the growth forecasts for 2021. Some projections are as high as 5%, a rate that, depending on the circumstances, might well be achieved, but it is dependent upon a possible elec...

Turkey Covid Watch - June 7, 2021
TURKEY · Report · 07 Jun 2021

Covid cases continued to decline and are now close to the minimum levels reached in March, as well as in line with average levels in the EU. Vaccinations are up, but remain at low levels.

Brazilian Politics Weekly
BRAZIL POLITICS · Report · 07 Jun 2021

A busy week in the Senate Pandemic CPI. The Minister of Health, Marcelo Queiroga, is scheduled to testify. In the Senate, we highlight the provisional measure on Eletrobras, which could be voted on Thursday. On Tuesday, the PSDB will discuss the rules for the party primaries scheduled for Nove...

The new government is expected to be fiscally responsible
ISRAEL · Report · 07 Jun 2021

We view the new government as a positive development for the economy and fiscal policy (see the detailed analysis in our report). Broad unemployment has declined and further progress is expected when government support is reduced.

Minister of Health Marcelo Queiroga retestifies before the Senate’s COVID CPI and the Special Committee on Administrative Reform should be installed
BRAZIL POLITICS · Report · 07 Jun 2021

The provisional measure that deals with the privatization of Eletrobras may be voted on Thursday. The Special Committee on Administrative Reform should be installed this week. PSDB leaders meet to discuss the upcoming primaries. The IPCA should be published on Wednesday.

Copyright 2025 GlobalSource Partners. All rights reserved.