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Israel goes to elections tomorrow
ISRAEL · Report · 31 Oct 2022

* Despite political instability in Israel, fiscal responsibility is expected to be maintained. * Growth in Q3 appears to be slowing as exports declined and private consumption growth moderated. * The labor market remains tight, but unemployment ticked higher in September.

Israel goes to elections tomorrow
ISRAEL · In Brief · 30 Oct 2022

Labor market remains tight, but slightly less  Unemployment increased in September slightly to 3.7% (sa) from 3.5% with the number of employed down nearly 28k.  On the other hand, the number of job vacancies ticked slightly higher. Growth appears to be decelerating modestly Credit card purchases ...

Just another manic week
TURKEY · Report · 30 Oct 2022 · 1 response

The governing alliance seems to have lost the momentum it enjoyed over the summer months, as a key MP defected from AKP, while President Erdogan’s heavily promoted “Independence Day Vision Statement” failed to excite. AKP might be in more trouble, if the opposition claims -- of more defections fr...

Russia suspends grain deal
RUSSIA / FSU POLITICS · In Brief · 29 Oct 2022

On October 29 suspended its involvement in the grain agreement that allowed Ukrainian foodstuffs to be shipped out via the Black Sea. Moscow ended the agreement it said because of drone attacks on Russian ships in Crimea on October 29. Russia said this was the biggest drone attack thus far. Russi...

Growth and inflation trends mixed
CENTRAL AMERICA · Report · 28 Oct 2022

The Costa Rican economy is evolving better than expected, despite the adverse external conditions. Recent reversal signals in the downward trend of economic activity during H1 2022 suggest that real GDP growth could be higher than projected. The main driver relates to FTZ exports, including a new...

GULF WEEKLY: PIF announces MENA funds, S&P hikes Sharjah deficits, Shell invests in Qatar LNG
GULF COUNTRIES · Report · 28 Oct 2022

A skimmable summary overlaid with our analysis and links. Headlines: * The IEA forecasts lower long-term oil and gas demand because of green investments post-Ukraine. * Saudi Arabia repurchased $1.3bn in bonds but will wait until Q1 to fully allocate its fiscal surplus. * The “Davos in the D...

Today is the last day for electoral advertising on radio and TV, the final presidential debate will be held tonight at 9:30 p.m., and we should have the result of the election on October 30 around 8 p.m.
BRAZIL POLITICS · Report · 28 Oct 2022

Today is the last day of electoral advertising on TV and radio. And tonight, at 9:30 p.m., the last debate between Lula and Bolsonaro is scheduled. It will be held on TV Globo. The debate is unlikely to bring about major changes in the intended votes. Bolsonaro will go into the debate with more p...

The CBR keeps the key rate unchanged
RUSSIA ECONOMICS · In Brief · 28 Oct 2022

The Central bank decided to keep the key rate at 7.5% but acknowledged that inflationary pressure remains low. In reality, Russia had m-o-m deflation for three consecutive months in the summer. In September, deflation ended, and CPI grew by 0.05% m-o-m. Inflation y-o-y fell to 13.7%. Rosstat repo...

The National Congress won’t matter to economic prospects as much as many think
CHINA FINANCIAL · Report · 28 Oct 2022

Special points to highlight in this issue: * The leadership choreography of the National Congress left many people – both Chinese and foreign – increasingly worried about the economic outlook for China. While I have always expected a sharp slowdown in the years ahead and a very difficult adjus...

Webinar replay: Turkey - The election of our discontent
TURKEY · Report · 28 Oct 2022

Visit our calendar page to watch the replay of our webinar, "Turkey - The election of our discontent" for an analysis of the country's political reality and the likely economic ramifications of the coming events.

Putin asks the IAEA to come to Ukraine
RUSSIA / FSU POLITICS · In Brief · 28 Oct 2022

On October 26 Putin said the International Atomic Energy Authority (IAEA) should come to Ukraine to inspect nuclear sites. He repeated his accusation that Ukraine is planning to use a dirty bomb. The speech came at the Valdai Discussion Club. He claimed that Ukraine is trying very hard to conceal...

Kazakhstan political economy: on the way toward diversification
KAZAKHSTAN · Report · 27 Oct 2022

Snap presidential elections will be held in Kazakhstan on November 20, in which six candidates will participate. However, it is almost clear that the current head of the state, Mr. Tokaev, will win. According to the polls conducted by the Institute of Eurasian Integration, Mr. Tokaev as president...

EU price cap on Russian energy sparks wrath
RUSSIA / FSU POLITICS · In Brief · 27 Oct 2022

On October 27 the head of Rosneft said that the price cap on Russian oil and gas is increasing American dominance and undermining the independence of European countries. Rosneft said that EU countries will become overdependent on US energy. G7 countries have agreed to a price cap on Russian energ...

The issue regarding Bolsonaro’s radio ads continues, Minister Alexandre de Moraes denied Bolsonaro’s request to investigate the issue, and the PL said that it would go “as far as it can” to resolve this issue
BRAZIL POLITICS · Report · 27 Oct 2022

The issue regarding radio stations’ allegedly not broadcasting President Jair Bolsonaro's advertisements continues to cause repercussions. Yesterday, the president of the Superior Electoral Court (TSE), Alexandre de Moraes, denied the President's request to investigate the alleged issues regardin...

Slide Presentation: Turkey - The election of our discontent
TURKEY · Report · 27 Oct 2022 · 2 responses

Access the slide presentation from the GlobalSource Partners webinar "Turkey - The election of our discontent" to get insight into Turkey's pre and post-election outlook, the country's political reality, and the likely economic ramifications of the coming events.