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Events
Databanks
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Argentina databank May 19
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Brazil Economics databank May 19
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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 May 21
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Ecuador databank Apr 22
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Gulf Countries databank May 16
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Hungary databank May 20
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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
Taking his case to the public
PERU · Report · 01 Aug 2018
Massive judicial corruption unveiled via a barrage of audio tapes leaked to the press has given President Martín Vizcarra an opportunity to press for political reforms. The president has proposed an overhaul of the judicial system, a ban on reelection of members of Congress, and reinstatement of ...
Alckmin gains momentum in an open race
BRAZIL POLITICS · Report · 01 Aug 2018
Three polls on the presidential race released this week (DataPoder360, Paraná Institute and XP/IPESPE – the latter conducted only in São Paulo) show that the race is still wide open. Jair Bolsonaro (PSL) leads all three polls. While he is stagnant at around 20% of intended votes, Bolsonaro ha...
A clear road ahead
CHILE · Report · 01 Aug 2018
In July, the Monthly Index of Economic Activity (IMACEC) once again surprised markets on the upside. Expectations for GDP growth continue to improve – this, despite that in May, the 12-month variation of retail sales fell sharply, coming in below the expectations of even the most pessimistic anal...
Financial needs forecast update
ARGENTINA · In Brief · 01 Aug 2018
In our report of July 23, with our third quarter forecasts, we have introduced some changes in Table 8, regarding the financial accounts. We raised our forecast of the financing needs from the market to USD 28.6 billion. This compares to the USD 25.9 billion in the second quarter forecast. The in...
RBI hikes interest rates
INDIA · In Brief · 01 Aug 2018
The Monetary Policy Committee of the Reserve Bank of India hiked the policy interest rate by 25 basis points to 6.5 per cent today. The move came after RBI had hiked rates for the first time after 4 years in June 2018. Inflation data in India shows that while there has been a moderation of food p...
South African Political Economy Temperature Rising
SOUTH AFRICA · In Brief · 01 Aug 2018
Structural and cyclical factors have combined to make the SA political economy scene in the country dynamic, robust and often times confusing. President Ramaphosa, meanwhile, keeps committed to his vision of reviving ethical leadership, reigniting the country’s self-image of ‘unity in diversity’,...
The return of optimism
INDONESIA · Report · 30 Jul 2018
After displaying some pessimism, Kompas Daily, the most prestigious and credible newspaper in Indonesia, reported the return of optimism in the FMCG (fast-moving consumer goods) industries. A number of retailers gave testimony to the optimism they shared. The FMCG industries also reported better-...
TV ad time does not equal electoral success and other weekly topics
BRAZIL POLITICS · Report · 30 Jul 2018
These are the last few days for political parties to hold their conventions and define candidates and coalitions ahead of the October elections; the deadline is Sunday, August 5. At least five additional presidential candidates will be made official in the next few days. Congress and the Superior...
Mixed economic indicators and mixed economic and political signals
MEXICO · Report · 30 Jul 2018
July has produced a batch of economic indicators showing generally positive results against the backdrop of national elections that gave a clear mandate to a man who continues to advance contradictory economic and fiscal policies - a hefty degree of inconsistency that leaves business leaders and ...
Can private banks fill the gap created by weak public banks?
INDIA · Report · 30 Jul 2018
An optimistic reading of Indian banking involves the proposition that India is achieving a useful de facto transition from public-sector-bank domination to a domination by private banks. In this reading, private bank credit is growing fast and will supplant the lack of credit growth by the publi...
Political uncertainty and asset price volatility
BRAZIL ECONOMICS · Report · 30 Jul 2018
Although the real has recently appreciated in parallel with the drop in the country’s CDS quotations and slight flattening of the yield curve, asset prices remain extremely volatile. That variability is partly due to the change in the international scenario, dominated by the monetary normalizatio...
CPI-inflation will most likely rise moderately further in July
HUNGARY · In Brief · 30 Jul 2018
The wholesale prices of fuel rose by 0.5% mom in July, following much faster increases - 10.1% in total - over the previous three months. Assuming the same monthly increase by the consumer prices of fuel and the same 0.1% mom increase in non-fuel prices as the one recorded in the same month of la...
Perspectives for the credit supply
BRAZIL ECONOMICS · Report · 30 Jul 2018
The flows of new credit in real terms, both to households and firms, remained stable in the first half of 2018. On the one hand there was a steady decline in the interest rates on loans, together with a reduction in the level of default, indicating better credit conditions. On the other, the indi...
Soft growth in Q2 will not facilitate early tightening
ISRAEL · Report · 30 Jul 2018
Recent economic indicators point to some slowing of growth, especially private consumption. We expect Q218 GDP to reach 2.5%, a low print that could complicate a rate hike decision in the near future. Our inflation forecast has been updated: 0.2% m/m in July, 0.3% in August, -0.2% in September an...
Will China step again on the gas?
CHINA FINANCIAL · Report · 30 Jul 2018 · 1 response
Special points to highlight in this issue: • Over the past three months a scandal has emerged at Huarong Asset Management which may turn out to have substantial implications for the Chinese economy and for asset liquidation abroad. Huarong is the largest of the four AMCs created in 1999, and ...