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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 May 23
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Gulf Countries databank May 23
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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
Visa-free for Ukraine – big win for President Poroshenko
UKRAINE · In Brief · 06 Apr 2017
European Parliament approved visa-free regime for Ukraine. Ukrainians will be able to travel without visas to all EU countries, except Ireland and the UK, plus Iceland, Liechtenstein, Norway and Switzerland. The legislation was approved but still needs to be formally adopted by the Council of Min...
Hints of a Slowdown To Come, While Time Is Not On the Side of Peña’s Legacy
MEXICO · Report · 06 Apr 2017
The economic data released over the course of March provides encouraging signs of continuing growth in certain areas of the economy, but also potential harbingers of a slowdown that might emerge in future months. A case in point is private consumption, which remained the Mexican economy’s main...
Links Cut to Occupied Donbas Likely to Stymie Growth
UKRAINE · Forecast · 05 Apr 2017
GDP expanded 2.3% y/y in 2016, far more than we’d expected. An upsurge in local investment, of 20.1% y/y, and expansion of inventories, were the main drivers. Investment grew, despite scarce FDI, on the back of agro and state investment. An impressive +9.7% y/y grain harvest increased inventorie...
The TSE should resume the trial on the Dilma-Temer ticket in May
BRAZIL POLITICS · Report · 04 Apr 2017
The Superior Electoral Court (TSE) accepted a request filed by former President Dilma Rousseff’s defense team, and the trial on the merit of the case was postponed. The Court decided to give the defense an additional five (5) days to present final statements. An additional request for further tes...
The political picture is getting more colorful
HUNGARY · In Brief · 04 Apr 2017
No doubt, the recent picture in domestic politics has been quite boring, as analysts could only report on continued Fidesz dominance in the polls, in addition to a never-ending series of soap-opera-style mini-conflicts among the many small parties of the leftist-liberal opposition, and occasional...
When It Rains, It Pours
PERU · Report · 04 Apr 2017
Natural disasters, in the form of excessive rain and mudslides, have now edged out the corruption scandals involving Brazilian companies, to take center stage in the national psyche. As many as 1 million people may be affected by the El Niño floods, 15% of them severely. The government believes t...
We move on. The IMF approves $1 billion wire. Next stop – agro-land market
UKRAINE · In Brief · 03 Apr 2017 · 1 response
The IMF approved fourth wire ($1 billion) for Ukraine under the Extended Fund Facility (EFF) program. This decision was long-awaited and was hotly welcomed by Ukrainian authorities especially after the Executive Board canceled its meeting two weeks ago. Luckily it was just a delay and the Fund wa...
Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 03 Apr 2017
Temer tested the thin ice on which his government rests and nearly provoked a disaster by excluding state and municipal governments from the social security reform proposal. Perhaps to avoid, with the complacency of governors, state civil servants from protesting in the visitors’ galleries of Con...
Week of April 3
BRAZIL POLITICS · Report · 03 Apr 2017
A busy week, with the beginning of the trial against the Dilma-Temer ticket in the Superior Electoral Court (TSE) on Tuesday, April 4. In the Lower House, the rapporteur of the pension reform may present his report to the Special Committee. The report on political reform may also be presented. On...
Inflation Already Exceeds 11%
TURKEY · Report · 03 Apr 2017
Consumer prices rose by a higher-than-expected 1% in March, which raised the 12-month rate to 11.3%, up from 10.1% in February. Producer prices also rose sharply to a 12-month rate of 16.1%, up from 15.4% (Table 1; Graph 1). Contrary to consensus expectation, CPI-inflation going over the 11% mark...
From democratic façade to outright dictatorship
VENEZUELA · Report · 03 Apr 2017
Two Supreme Tribunal of Justice (TSJ) rulings early last week stripped the National Assembly of its powers and restricted parliamentary immunity, leaving Nicolás Maduro with no formal checks on his power. This lurch into dictatorship caused an uproar at home and abroad. As we write, the court see...
Meeting the Fiscal Target and Signals from Monetary Policy
BRAZIL ECONOMICS · Report · 03 Apr 2017
Last week the Finance Ministry announced measures to guarantee compliance with the primary deficit target in 2017; the National Monetary Council (CMN) disclosed new rules for loans from the BNDES; and the Central Bank published the latest Inflation Report, updating the projections for 2017 and 20...
Alianza Pais will Continue for Four More Years
ECUADOR · In Brief · 02 Apr 2017
The candidate from Alianza Pais, Lenin Moreno, has officially been declared the next president of Ecuador with 51.07% of votes against the candidate from the opposition, Guillermo Lasso who received the vote of 48.96% of the population. The results from the election show a highly polarized countr...
Pre-Referendum Stock Taking
TURKEY · Report · 02 Apr 2017
We consider the presidential referendum a threshold event in Turkish history. Our poll-of-polls reveals a very tight race, but based on past experience and AKP’s “institutional advantages”, we assign 60% odds to a YES victory. Nevertheless, we admit the low reliability of polls because of the ...
The economy and the political cost of reforms account for Temer’s lack of popularity
BRAZIL POLITICS · Report · 31 Mar 2017
Research conducted by the Brazilian Institute of Public Opinion and Statistics (Ibope), commissioned by the National Confederation of Industry (CNI), indicates that Michel Temer´s favorability ratings have dropped. The number of those who evaluate his presidency positively (good/great) has shrunk...