Services
GLOBAL COVERAGE
- ARGENTINA
- BRAZIL ECONOMICS
- BRAZIL POLITICS
- CAUCASUS / CENTRAL ASIA
- CENTRAL AMERICA
- CHILE
- CHINA
- CHINA ADVISORY
- CHINA FINANCIAL
- COLOMBIA
- DOMINICAN REPUBLIC
- ECUADOR
- GULF COUNTRIES
- HUNGARY
- INDIA
- INDONESIA
- ISRAEL
- JAMAICA / BAHAMAS
- KAZAKHSTAN
- MEXICO
- NIGERIA
- PANAMA
- PERU
- PHILIPPINES
- POLAND
- RUSSIA ECONOMICS
- RUSSIA / FSU POLITICS
- SOUTH AFRICA
- TURKEY
- UKRAINE
- VENEZUELA
Events
Databanks
-
Argentina databank May 13 -
Brazil Economics databank Apr 14
-
Central America databank May 1
-
Chile databank Apr 7
-
China databank Mar 21
-
Colombia databank May 12
-
Dominican Republic databank Apr 28
-
Ecuador databank Apr 22
-
Gulf Countries databank May 16
-
Hungary databank Apr 22
-
India databank Apr 28
-
Mexico databank May 12
-
Panama databank May 13
-
Peru databank Apr 28
-
Philippines databank May 8
-
Poland databank Apr 29
-
Russia Economics databank May 12
-
South Africa databank May 6
-
Turkey databank Apr 24
-
Ukraine databank May 12
-
Venezuela databank May 5
NEWS FLASH
WEBINAR - LATIN AMERICA: FISCAL PRESSURES AND POLITICAL SHIFTS...
COUNTRY INSIGHTS
No surprises in October
RUSSIA ECONOMICS · In Brief · 30 Nov 2022
Rosstat reported that in October, the output of the five basic sectors was down by 3.2% y-o-y in October, which is a bit better than in September (down by 3.5% y-o-y). In 10M22, this output was down by a mere 1.1%, heading toward around a 2.0% contraction in 2022. Generally, it looks as though Ru...
EU Commission: dark grey smoke has risen in Brussels today
HUNGARY · In Brief · 30 Nov 2022
Well, the EU Commission has finally come out with its much-expected proposal on Hungary today, just as scheduled. On balance, it is more negative than positive, but not entirely negative from Hungary's perspective. And at any rate, the Commission did not say anything particularly surprising, espe...
Kazakhstan macro: seemingly slow growth amid decent budgetary performance
KAZAKHSTAN · Report · 30 Nov 2022
While looking at some weather forecast websites, it is not unusual to see that in addition to the current temperatures, one may read that the weather “feels like” it is somewhat cooler or hotter – depending on various conditions, such as the strength and direction of the wind or the level of humi...
Economic activity stagnates in the third quarter
TURKEY · Report · 30 Nov 2022 · 1 response
Economic activity was broadly unchanged over the previous quarter in Q3 (-0.1%, q/q), largely in line with expectations, down from (slightly downwardly revised) 1.9% in Q2, while it expanded by almost 4% over the same quarter of previous year (Graph 1).
The Transition PEC was officially submitted to the Senate yesterday, the rapporteur of the 2023 Federal Budget submitted his report yesterday, and the Transition Team's technical groups are expected to publish their first sectoral reports today
BRAZIL POLITICS · Report · 30 Nov 2022
An amendment to the PEC has already been presented by Senator Orioviste Guimarães, from the Podemos. He proposes a total of R$ 80 billion of expenses outside of the spending ceiling for one year. Next week, the Senate is expected to conclude voting on the PEC. Yesterday, Senator Marcelo Castro (M...
Russia blames US for Russian refusal to attend arms talks
RUSSIA / FSU POLITICS · In Brief · 30 Nov 2022
On November 29 Russia said that American ill-will was the cause of Russia's refusal to attend scheduled arms talks with the US on December 29 in Egypt. Russia has postponed them sine die. The talks were the New Start START - Strategic Arms Reduction Treaty. A Russian Foreign Ministry spokeswoman ...
The economy heads down while politicians head nowhere
CHILE · Report · 29 Nov 2022
National accounts for Q3 2022 corroborate the weakening trend in economic activity. While in H1 2022 economic activity was stagnant, in Q3 seasonally-adjusted GDP fell, to its lowest level since Q2 2021. Investment reverted the decline of Q1 2022, returning to Q4 2021 levels. By contrast, househo...
Growth moderating, with inflation trend mixed
CENTRAL AMERICA · Report · 29 Nov 2022
El Salvador’s economic evolution continues along the lines we forecast in our outlook revision of September 2022. Inflation is still high, but slowly descending. Economic activity estimated by the Central Bank’s monthly index has decelerated from the highs of H1 2021, and stopped falling in H2 20...
The EU Commission is set to come forward with its proposal on the Hungarian rule-of-law procedure tomorrow
HUNGARY · In Brief · 29 Nov 2022
The widespread current expectation is that the Commission will propose to freeze Hungary's access to 65% of its transfer (= development grant) quotas under three major cohesion policy programs of the EU's common budget for 2021-2027, in a total value of €7.5bn. This would be the same proposal as ...
The Transition PEC has been officially submitted, the Joint Budget Committee will hold a public hearing on the 2023 Federal Budget, and Lula decided to have Haddad look over the Transition Team’s working group on the economy
BRAZIL POLITICS · Report · 29 Nov 2022
According to the text of the PEC, the Auxílio Brasil would be removed from the spending ceiling for four years. The total value is around R$200 billion. By submitting the PEC, the elected government is handing Congress the responsibility of defining the text. It is very unlikely that the PEC will...
Politics: Major political reform may be off the table but AMLO sustains his assault on the INE
MEXICO · Report · 28 Nov 2022
It’s a foregone conclusion that President López Obrador will not succeed in passing his political reform constitutional amendments through Congress this year or any time before he leaves office. He has failed to line up enough votes, and if there was any doubt whether the PRI might once again sup...
Primaries, talks and Maduro’s diplomacy
VENEZUELA · Report · 28 Nov 2022
Two events that have been on the radar for months finally happened. On November 26, the Maduro government and the opposition signed their first agreement in Mexico, and the U.S. Treasury's Office of Foreign Assets Control (OFAC) issued license 41 expanding the scope of Chevron's operations in Ven...
Economics: Results in November may suggest the recovery is peaking as major risks loom
MEXICO · Report · 28 Nov 2022
Economic news published in November delivered numerous readings of economic activity in Mexico that proved to be much stronger than expected, beginning with a 4.3% yoy surge in third quarter GDP. While manufacturing continued to contribute significantly, thanks to the bounce seen in US GDP and in...
Kazakhstan and Russia affirm their friendship
RUSSIA / FSU POLITICS · In Brief · 28 Nov 2022
On November 28 Putin met the Kazakh President in Moscow. President Tokayev signed an agreement. Tokayev has just been re-elected to serve a 7 year term. He is constitutionally barred from seeking another term after this one. This is his first visit since the election and that in itself is telling...
The future governing coalition and other weekly topics
BRAZIL POLITICS · Report · 28 Nov 2022
This will be a decisive week for the Transition Constitutional Amendment Proposal (PEC). Lula is expected to start announcing the names of his ministerial team. On December 2, the Working Group created by Minister Gilmar Mendes to discuss the constitutionality of the ICMS reduction concludes its ...