GlobalSource Partners | Country Insights

On September 26 Putin's spokesman said that there had been errors by regional governments in the implementation of the mobilization decree. Some ineligible men have been drafted, and this error needs to be corrected. Only men who are under 35 and who have done military training are eligible for ...

Damage caused by Hurricane Fiona exceeds USD373 m

DOMINICAN REPUBLIC · In Brief · 27 Sep 2022

Preliminary estimates of the damage caused by Hurricane Fiona exceed USD $373 m. (DOP20 b), according to information provided by President Luis Abinader at a press conference held yesterday. The president reported on the efforts made to reestablish services in the affected areas. In the affected ...

Surprise, surprise: the MNB announced the end of the interest rate hikes, following a 125 bps rate increase today

HUNGARY · In Brief · 27 Sep 2022

Well, this was truly surprising. We wrote about the prospects and analyst expectations yesterday. From that note, it is probably clear that analysts' median view was significantly different from what actually happened. But for a fact, the MNB raised the base rate and all other rates by a uniform ...

The End of the Adjustment Cycle and the Risk Ahead

BRAZIL ECONOMICS · Report · 27 Sep 2022

Last week, the Central Bank announced the end of the monetary tightening cycle, keeping the SELIC rate at 13.75%. In a scenario of high internal and external uncertainty, the COPOM opted for caution, but did not fail to warn about the effects of changes in the fiscal framework. Although the most ...

Two polls on the presidential election were published yesterday, Lula will attend a dinner with businessmen in São Paulo, and former Minister of the STF Joaquim Barbosa recorded a video in support of former President Lula

BRAZIL POLITICS · Report · 27 Sep 2022

This is the last week before the election. Advertising on radio and TV runs until Thursday, September 29. On that same day, TV Globo will hold the final debate between the candidates for the Presidency of the Republic. So far, all the main candidates are likely to attend. This will be a decisive ...

Economics: Social spending for 2023 to have scant effect on narrowing the social gaps

MEXICO · Report · 27 Sep 2022

The López Obrador government’s spending bill proposal for 2023 is consistent with those of his first three years in that it proposes major increases in the current administration’s priority programs, programs that have revealed zero targeted impact on reducing social gaps. Likewise, significant f...

Slide Presentation: Mexico - Polls and policies

MEXICO · Report · 27 Sep 2022

Access the pdf file of the presentation from the GlobalSource Partners webinar "Mexico: Polls and Policies". Following the latest GEA-Isa political proprietary poll, Mauricio González and Guillermo Valdes discussed the implications of the poll and how Mexico's 2023 budget and economic plan will...

Kazakhstan macro: budget is stable despite amendments as revenue collection is strong

KAZAKHSTAN · Report · 26 Sep 2022

Budget execution statistics in 8M22 show that the country’s fiscal situation remains good enough despite the amended revenues and various shocks Kazakhstan has experienced in recent months. They indicated that the economic situation looks good, as well. Apart from high KZT volatility in 2Q22, the...

The market wants to hear good news - so let us give them some

HUNGARY · In Brief · 26 Sep 2022

Somehow it appears to us that the MNB has made a great deal of improvement in understanding and using psychology at recent times. This time around, it was a statement by vice governor Virág a few days ago, in which he said that among other stuff, the Monetary Council will discuss tomorrow the pro...

Kazakhstan ex-president's nephew

CIS POLITICS · In Brief · 26 Sep 2022

Kairat Satybaldy was sentenced to 6 years of imprisonment. He is also now forbidden from holding positions in the civil service or the National Bank or any company where the state owns over 50%. He was arrested in March 2022 and his sentence is counted as having started then. He is a major genera...

This is the last week before the election, the first round of the election will take place on Sunday, October 2, and TV Globo will hold the final presidential debate on Thursday, September 29.

BRAZIL POLITICS · Report · 26 Sep 2022

This is the last week before the election. Advertising on radio and TV runs until Thursday, September 29. The same day, TV Globo will hold the final debate between the candidates for the Presidency of the Republic. So far, all the main candidates are likely to attend. This will be a decisive week...

Some signs of slowing growth could tilt the rate decision towards 0.5%

ISRAEL · Report · 26 Sep 2022

1. Recent economic indicators point to some growth deceleration, despite strong business confidence. 2. This soft data could tilt the next rate decision (Oct 3) towards a 0.5% hike, but 0.75% remains a strong possibility in light of global “frontloading”. 3. With inflation y/y likely to rem...

The current account surplus widens in 2Q22

KAZAKHSTAN · In Brief · 26 Sep 2022 · 1 response

The National Bank of Kazakhstan reported that the country’s current account surplus widened in 2Q22 and reached $4.135 bn. In 1Q22, it was at $2.512 bn. Hence this surplus reached $6.647 bn in 1H22. In 2021 the current account was in deficit each quarter, and its annual deficit was at $5.737bn. N...

Russian anti-draft protestors drafted

CIS POLITICS · In Brief · 25 Sep 2022

Since the mobilization of 300,000 reservists was announced on September 23 there have been protests in several Russian cities. The police have arrested protestors, and in the cases of young men, handed them draft notices. The police confiscate the passport of the detainee and then use the informa...

Uzbekistan blocks Russian payment system

CIS POLITICS · In Brief · 24 Sep 2022

On September 23 the Central Asian country stopped the Mir payment card. Over half the Russian population holds such a card. Mir is accepted by Belarus, Armenia, Kyrgyzstan, Tajikistan and Vietnam. It is thought that Uzbekistan stopped Mir because of the fear of secondary sanctions. Uzbekistan has...