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Events
Databanks
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Argentina databank Dec 9
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Brazil Economics databank Nov 17
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Central America databank Nov 26
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Chile databank Nov 28
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China databank Mar 21
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Colombia databank Dec 3
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Dominican Republic databank Nov 21
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Ecuador databank Nov 20
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Gulf Countries databank Dec 5
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Hungary databank Nov 24
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India databank Jun 26
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Mexico databank Dec 10
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Panama databank Nov 12
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Peru databank Nov 4
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Philippines databank Nov 7
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Poland databank Nov 3
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Russia Economics databank Nov 14
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South Africa databank Dec 9
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Turkey databank Oct 27
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Ukraine databank Nov 10
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Venezuela databank Dec 2
NEWS FLASH
UPCOMING WEBINAR - CHILE ELECTION BRIEFING: THE NEXT ADMINISTRATION...
COUNTRY INSIGHTS
Carrasquilla to lead Duque’s transition team
COLOMBIA · In Brief · 18 Jun 2018 · 1 response
Alberto Carrasquilla, former Minister of Finance under president Uribe and the most mentioned name for taking that same post again during the next administration, has been designated general leader of the two-month transition, until August 7th, by president-elect Iván Duque.On the government’s si...
Economics: Fuzzy economics of the final debate
MEXICO · Report · 18 Jun 2018
The third and final presidential candidates’ debate was planned around three broad policy areas, the first being economic growth, poverty and inequality. But, unfortunately, the contenders preferred to spend most of their time attacking one another, and when they did get around to economic policy...
Politics: AMLO and the businessmen: hesitant pragmatism
MEXICO · Report · 18 Jun 2018
Relations between Andrés Manuel López Obrador and most of the country’s business class have long been fraught. The man who increasingly seems will be the country’s next president has often had choice words for some of the country’s most powerful business leaders and has troubled them with his app...
How long will China’s slowdown last?
CHINA FINANCIAL · Report · 18 Jun 2018
Special points to highlight in this issue: • A sharp slowdown in economic growth in May was preceded by a sharp slowdown in credit growth. Analysts are confusing the slowdown in credit growth with the deleveraging process, and will undoubtedly point out that Chinese deleveraging is causing gro...
Weekly Macro-Economic review
ISRAEL · Report · 18 Jun 2018
Inflation in May was in line with consensus, but the acceleration of housing rental prices poses a risk for higher inflation. External fundamentals are less shekel positive than in the past, with the CA surplus reaching 2.2% GDP in Q118, down from 3% in 2017. We expect inflation to reach 1% NTM, ...
Economic activity: A new frustration of expectations
BRAZIL ECONOMICS · Report · 18 Jun 2018
After the weak GDP result for the first quarter, some signs of better performance emerged in April. Unfortunately, however, even before the truckers’ strike (which put paid to any expectations of faster recovery), those signs were already changing for the worse, making the diagnosis even clearer ...
Cohabitation, contagion, contraction
TURKEY · Report · 17 Jun 2018 · 2 responses
In the final week before elections, Erdogan’s lead in the presidential race looks insurmountable, but not large enough to seal the deal in the first round. While we discus some downside scenarios for Erdogan, we are confident in our forecast of a second-round victory over the CHP candidate Muharr...
Maduro seeks more control
VENEZUELA · Report · 15 Jun 2018
Maduro freshens up his cabinet by bringing in "more women and youngsters". Yet he is simply reshuffling people already holding top positions in government or chavista organizations. One of the cabinet changes stands out, though, as it hints at what Maduro is looking for early on in his second ...
Power was absolute, but not everlasting
ECUADOR · Report · 15 Jun 2018
Political events have evolved with amazing speed in Ecuador since May 2017, when President Moreno took office. The new president has managed to dismantle the almighty power structure of former President Correa, who finished as the “head of all powers” (as he referred to himself), dominating execu...
Tightening interbank liquidity
CHINA ADVISORY · Report · 15 Jun 2018
Chinese banks have been caught in the middle of stronger regulations and rising pressure from new competitors, particulary the internet finance companies. Under new rules discussed late last year that banks are starting to put in place, guaranteed wealth management products have been forbidden, r...
Multiple exchange rates are back again
VENEZUELA · In Brief · 15 Jun 2018
For some time, the government has been looking for ways to channel remittances trough the Dicom system to the central bank. We estimate this inflow at about $1 billion a year, the government seems to believe it’s around $3 billion. The huge gap between the Dicom rate and the price of the dollar i...
Shift in the monetary policy? In short, (9am BA Time) a press conference from Dujovne after Sturzengger´s resignation
ARGENTINA · In Brief · 15 Jun 2018
Federico Sturzenegger resigned as president of the Central Bank. Former finance Minister Luis Caputo, which is one of Macri’s most trusted ministers, takes the role as head of the local monetary authority. Treasury Minister Dujoven, re-units Finance Ministry and Treasury under his commands. With ...
Senator Bautista, close ally of Leonel Fernandez, sanctioned by the US Treasury on corruption
DOMINICAN REPUBLIC · In Brief · 14 Jun 2018
Early this week, under the so-called Magnistky Law, the US State Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Senator Felix Bautista, a close ally of former President Leonel Fernandez, for engaging in corrupt acts, including in relation to reconstruction efforts...
MNB still sees no problem with the weak forint
HUNGARY · In Brief · 14 Jun 2018
Another relaxed comment came from the Monetary Council, this time from Gyula Pleschinger. Speaking today, he saw no reason to change the MNB's existing loose policy, despite the continuation of the forint's slide to EURHUF 322 today. He said the weak forint may temporarily push up CPI-inflation t...
Orange is the new black
COLOMBIA · Report · 11 Jun 2018
The polls for the presidential runoff race show Ivan Duque ahead of Gustavo Petro, with a clear advantage in the so-called “coffee-growing zone” and center-eastern provinces. These are relatively affluent zones, which with Bogotá, Cali, Cartagena and Barranquilla, compose Colombia’s core of weal...