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Events
Databanks
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Argentina databank May 13 -
Brazil Economics databank Apr 14
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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 Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 16
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Hungary databank Apr 22
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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
Economics: Despite the multi-year fall in construction activity, a new footing is unlikely in the near term
MEXICO · Report · 12 Dec 2022
GDP results for the third quarter came in stronger than analysts had anticipated largely owing to a considerable expansion of services and an extension of manufacturing’s positive trend as some of the highest-value-added branches posted improved numbers. However, the construction industry remains...
Lessons from the Transition PEC and other weekly topics
BRAZIL POLITICS · Report · 12 Dec 2022
President-elect Lula (PT) will be confirmed today, December 12. New members of the ministry team will be announced. The House begins the analysis of the Transition PEC. This is the last week of sessions in the plenary of the STF before the recess, which begins on December 20. Ministers of the STF...
Putin cancels his annual press conference
RUSSIA / FSU POLITICS · In Brief · 12 Dec 2022
On December 12 the president's spokesman made the announcement. He has not cancelled it for 10 years. No explanation was given. A Russian business newspaper RBK said a Kremlin source said that the reason was probably the Ukraine War. Putin usually speaks to the public for hours. These were once b...
Government submits bill to authorize debt contracting for 2023
DOMINICAN REPUBLIC · In Brief · 12 Dec 2022 · 1 response
The Executive Branch submitted to the National Congress a bill that authorizes it to contract the debt required to finance the 2023 public budget. The contract would be up to an amount of DOP363.3 b (USD6.58 b). The authorization contemplates the possibility of making the placement, partial or to...
Public spending accelerates, but deficit target seems intact
DOMINICAN REPUBLIC · Report · 12 Dec 2022
The economy continues to slow, with 3.8% y/y growth in October 2022, 1 ppt lower than in September. Accumulated growth in January-October 2022 (5.2%) remains around the 5% potential level. Inflation saw its greatest reduction since April, with CPI rising 7.6% in November 2022, from November 2021....
Lula and Alckmin will be confirmed today, this will be a decisive week for the Transition PEC, and the STF will resume trial on the cases that question the constitutionality of the rapporteur’s amendments
BRAZIL POLITICS · Report · 12 Dec 2022
After the confirmation ceremony, Lula should continue with the negotiations for the formation of his ministerial team. Aloizio Mercadante is a strong candidate for the Brazilian Development Bank (BNDES). The elected government has two major challenges regarding the Transition PEC. The first is to...
Tax revenues decline in November, but level remains high
ISRAEL · Report · 12 Dec 2022
* November witnessed a sharp decline in tax revenues mostly due to technical reasons, although a widening deficit is expected next year. * Business sector sentiment points to steady and positive economic growth. * We expect November’s CPI to reach 0.2% m/m, at the high end of consensus.
Tax revenues decline in November, but level remains high
ISRAEL · In Brief · 11 Dec 2022
Tax revenues on a downward trend In November, the fiscal deficit reached 1.2bn ILS (0.5bn last year), and the fiscal surplus in the last 12 months reached 0.4% GDP (0.5% last month). Tax revenues are up by 14.8% y/y (nominal) in January-November while expenditures (non-Covid) are up 5.6% compared...
Indian PM cancels summit with Russia: Bloomberg
RUSSIA / FSU POLITICS · In Brief · 10 Dec 2022
On December 9 it was announced that the summit has been called off the annual Russia India Summit. The rumor is that this is because of Putin's rhetoric on nuclear weapons use in Ukraine. Bloomberg said it has an unnamed Indian Government source. India does not wish to be perceived as unduly pro-...
GULF WEEKLY: Xi visits Riyadh, MBZ visits Doha, OPEC+ maintains quotas, Saudi & Dubai budgets
GULF COUNTRIES · Report · 09 Dec 2022 · 1 response
A skimmable summary overlaid with our analysis and links. Headlines: * OPEC+ stuck with its cuts but oil still dropped -10% this week to the lowest since 2021. * Changes made to Moody’s credit rating methodology are supportive of ratings for most Gulf states. * The UAE’s president made a sur...
Reassessing the odds of a pre-election “currency event”
TURKEY · Report · 09 Dec 2022 · 1 response
Since early this year one of the very key questions we’ve been focusing on has been the likelihood of another market turmoil à la December 2021 — or another “currency event”, so to speak — before the upcoming elections. As we approach the end of 2022, we thought it would be useful to offer a retr...
Peru Political Crisis - What's Next?
PERU · Report · 09 Dec 2022 · 2 responses
Visit our calendar page to watch the replay of our webinar featuring GlobalSource Partners' Peru Analyst Alfredo Thorne as he discusses the ousting of Pedro Castillo as President after his attempt to dissolve Congress and what's next for Peru under newly sworn-in President Dina Boluarte.
Current account historically strong in 9M22
RUSSIA ECONOMICS · In Brief · 09 Dec 2022
The Central Bank reported the current account continued to grow in 3Q22, albeit this surplus in 3Q22 was not as wide as in 2Q22 and 1Q22 – just $51.2bn versus ($76.7bn and $69.8bn accordingly). In 9M22, the current account surplus reached $225.7bn and is likely to widen to $270bn and possibly eve...
Lula will announce some of the members of his ministerial team, the Transition PEC will begin analysis in the House next week, and Lula’s confirmation ceremony will be held on Monday, December 12
BRAZIL POLITICS · Report · 09 Dec 2022
Five names are expected to be announced today. According to Aloizio Mercadante, after the announcement, the ministers will start giving interviews and will reveal the structure of their ministries. Next week, the Transition PEC will begin its analysis process in the House. The PEC approved by the...
Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 09 Dec 2022
Nov 25 US: According to US Ambassador to the country, Mr. Rosenblum, the United States is actively cooperating with Kazakhstan in the search for alternative routes for oil exports from the republic Ministry of Industry and Infrastructure Development: Kazakhstan has worked out the opening of the t...