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Events
Databanks
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Argentina databank Jun 13
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Brazil Economics databank Jun 16
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Central America databank Jun 27
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Chile databank May 27
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China databank Mar 21
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Colombia databank Jun 5
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Dominican Republic databank Jun 18
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Ecuador databank Jun 20
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Gulf Countries databank Jun 27
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Hungary databank Jun 23
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India databank Jun 26
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Mexico databank May 12
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Panama databank May 13
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Peru databank Jun 27
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Philippines databank Jun 6
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Poland databank Apr 29
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Russia Economics databank Jun 16
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South Africa databank Jun 9
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Turkey databank Apr 24
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Ukraine databank May 12
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Venezuela databank Jun 4
COUNTRY INSIGHTS
Revving Up
PANAMA · Forecast · 05 May 2014
Executive Summary Though growth is slowing from its powerful 2012 peak of 10.8%, we are optimistic for 2014-2016, and project GDP GAGR at 6.3% (on the heels of 8.4% growth in 2013). The main reason for the slowdown is a fall in exports, and in fixed capital formation, as massive public investment...
Fight for Odesa: Putin’s ‘Stalingrad defeat’?
UKRAINE · In Brief · 03 May 2014
The events which happened yesterday in Odesa could be hardly overestimated. Moscow has made an attempt to capture Odesa and create one more point of tension in Ukraine. The plan failed disregard silent support of local police and secret service – people managed to defend themselves from Russian t...
IMF Approves 2-Year $17.01 billion Stand-By Arrangement for Ukraine
UKRAINE · In Brief · 01 May 2014
The IMF Executive Board approves 2-year $17.01 billion stand-by arrangement for Ukraine. The first wire ($3.19 billion) will arrive on Monday. About $2 billion from the first wire will be allocated to the budget support. The next two wires will be subject to bi-monthly performance reviews. Accord...
Dominican Rep allocates USD 1.25 bn in Sovereign Bonds
DOMINICAN REPUBLIC · In Brief · 30 Apr 2014
On 24 April, the Dominican government announced the allocation of USD 1.25 bn in Sovereign Bonds of 30 years term at a yield of 7.45%. This rate is below the yield in the secondary market of all 30-year Sovereign Bonds of countries rated B in the date of the issuing. The demand for the bonds reac...
Brazil Presidential Election
BRAZIL POLITICS · Report · 30 Apr 2014
CNT/MDA: New poll reveals declining popularity and intended votes for Dilma Rousseff On Tuesday (29), CNT/MDA released a new poll, conducted on April 20-25, on evaluations of the Dilma administration and the presidential race.The poll on the government demonstrated the same trend recently present...
Better Than Nothing
VENEZUELA · Report · 30 Apr 2014
Executive Summary The government and opposition moderates have sat down to negotiate an end to the street protests and violence. The process is fragile and may be abandoned at any moment. The opposition is divided—radicals don’t want to back down and wait till 2018 to unseat Maduro. The governmen...
More Weakness Ahead
MEXICO · Report · 30 Apr 2014
EXECUTIVE SUMMARY Economic news in Mexico has been largely disappointing this year, and the indicators published in April were no exception. But not all the news was dire. February produced the second consecutive increase in industrial production; construction activity continues to produce signs ...
April Inflation Report Highlights
TURKEY · In Brief · 30 Apr 2014
Here are a few highlights from today’s Inflation Report presentation by Governor Basci: *Yearend inflation estimate is now up by a full percentage point to 7.6% (midpoint of the usual 70% probability band). The revision is a bit on the high side, but the revision itself is not surprising (see our...
With Pro-Ukrainian Sentiment Strengthening, Outlook is Positive
UKRAINE · Report · 29 Apr 2014
Executive Summary Ukrainian authorities haven’t yet been very effective in fighting Russian invaders: rather, they’ve been careful to avoid injuring innocent civilians. And, due to Ukrainian indecisiveness, pro-Russian activists have begun terrorizing local residents. Slovyansk and Kramatorsk, sm...
A Tight Electoral Race Indeed: No Major Changes in Policy Ahead, But Huge Challenges for the Winner
PANAMA · Report · 29 Apr 2014
After months of intoxicating electoral campaigning (with negative ads and character assassination included) on Sunday, May 4 general elections will take place. Seven presidential candidates, 71 legislative hopefuls, 77 district mayors and 648 prospective local authorities will face a voting pool ...
Less Pessimistic than Others
CHINA · Forecast · 29 Apr 2014
Executive Summary People’s Bank of China Governor Xiaochuan Zhou announced in March that deposit interest rates would likely be “liberalized” in a year or two. Four days later, the Bank announced on its website that the daily trading band for the RMB would broaden to 2% from 1%, starting on Ma...
Politcal Insights: Week of April 28
BRAZIL POLITICS · Report · 28 Apr 2014
Despite the holiday on Thursday (Labor Day), this promises to be a busy week.Petrobras allegations are still on the legislative agenda.A new poll on the presidential race will be released.On Friday and Saturday, the PT discusses the Directives Program for the Dilma Administration. Main topics on ...
Inflation and Economic Activity
BRAZIL ECONOMICS · Report · 28 Apr 2014
The government is in an extremely uncomfortable position in an election year: inflation is threatening to exceed 6.5% and projections for growth in 2014 are below that observed in 2013. The most recent Focus survey published by the Central Bank (last week) indicated a median inflation projection ...
Inflation and Economic Activity
BRAZIL ECONOMICS · Report · 28 Apr 2014
The government is in an extremely uncomfortable position in an election year: inflation is threatening to exceed 6.5% and projections for growth in 2014 are below that observed in 2013. The most recent Focus survey published by the Central Bank (last week) indicated a median inflation projection ...
Weekly Tracker: April 27-May 3
TURKEY · Report · 27 Apr 2014
Executive Summary Another Gul-Erdogan summit passed, with the leaders failing to announce party’s candidate for the upcoming presidential race. We still bet on PM Erdogan’s candidacy, with certain caveats. Meanwhile, Erdogan stole the show during the week, when he issued a heart-felt apology to t...