GlobalSource Partners | Country Insights

Fernando Naranjo and Félix DelgadoPresident Elect appointed key members of the economic cabinetOn April 30th, President Elect Rodrigo Chaves informed about three important posts in his government: Minister of Finance and Economy and Central Bank President.The Minister of Finance will by Nogui Aco...

The third way in crisis and other weekly topics

BRAZIL POLITICS · Report · 02 May 2022

The União Brasil may decide whether it will leave the third-way alliance. On May 7, former President Lula is expected to launch his candidacy for the Planalto Palace. In the House, deputies will try to vote on the national nursing salary floor. In the Senate, the Auxílio Brasil provisional measur...

Ukraine blowing up facilities in Russia

CIS POLITICS · In Brief · 02 May 2022

On May 2 there were two large explosions in the Belgorod Region adjacent to Ukraine. Flashes in the sky preceded the explosions, suggesting it was missile strikes. The governor of the region announced the explosions. He claimed there were no injuries or damage. Why did he even announce the explos...

EU imports embargo against Russian oil coming; Hungary likely to cooperate

HUNGARY · In Brief · 02 May 2022

This morning, German ZDF television cited unnamed sources from around the EU Commission, saying that Hungary and Slovakia have withdrawn their intention to veto an EU embargo on oil imports from Russia. As a basic rule, the embargo, which is expected to come as early as this week, would aim at st...

A grim political outlook

VENEZUELA · Report · 02 May 2022

Because the Maduro government has not showed progress in displaying at-home capacity to investigate alleged crimes against human rights in Venezuela, the International Criminal Court is about to launch its own such investigation. So, things look dark for justice in Venezuela. And now recent desig...

The House may vote on the national nursing salary floor, the União Brasil party should decide whether it will remain in the third-way alliance, and former President Lula expected to officially launch his presidential candidacy on Saturday

BRAZIL POLITICS · Report · 02 May 2022

As an agreement has not been reached on the source of funding for the national nursing salary floor bill, the vote will most likely be postponed. If the matter is put to a vote, it will likely be approved — even without a source of funding. Currently, the trend is for the União Brasil party to le...

Is it game over? (4)

PHILIPPINES · In Brief · 02 May 2022

But for the casting of votes on Monday, May 9, the presidential and vice-presidential elections appear to be over. PulseAsia today released its survey of voter preferences conducted from April 16-21. The results were largely unchanged compared with last month. In the race for the presidency, Mr. ...

Bond issuance will likely continue to decline

ISRAEL · Report · 02 May 2022 · 1 response

1. Government bond issuance declined in May, a trend that is likely to continue in the remainder of the year. 2. Economic indicators have been generally positive, including a tightening labor market, supportive of steady monetary tightening. 3. We expect high inflation in April (0.9% ...

GULF WEEKLY: Erdogan visits Saudi, Sharjah on Negative outlook, Oman plans privatizations

GULF COUNTRIES · Report · 29 Apr 2022

A skimmable summary overlaid with our analysis and links. Headlines: * Moody’s restored stable outlooks to Gulf banking sectors due to improved operating conditions. * Saudi Arabia ordered 50k+ Lucid EVs, and colorful details emerge of its 2018 talks with Tesla. * Erdogan visited Saudi Arabia...

A pre-holiday recap

TURKEY · Report · 29 Apr 2022

The Turkish markets will be closed through Wednesday next week, because of the Eid al-Fitr or Ramadan Holiday. In this note, we provide a quick update on the latest state of affairs in politics, and review some of the recent data releases on the econ side. The conviction of Osman Kavala to lif...

Webinar Replay - Latin America: Global shocks and local politics

COLOMBIA · Report · 29 Apr 2022

Understand how global shocks and local political landscapes are shaping the outlook for Brazil, Colombia, Chile, and Peru. Visit the calendar page to watch the replay of the webinar featuring our analysts discussing how the region will balance the inflation and growth shocks created by war.

Essential CIS Politics: April 2022

CIS POLITICS · Report · 29 Apr 2022

* The Ukraine conflict continues, although Russia has changed its focus from Kyiv to Donbas. On April 22, a Russian general was quoted stating Russia's war aim in this conflict. General Minnikaev clarified what has long been suspected: that one of the main goals is to establish a land corridor t...

A promising start to South Africa’s economy in 2022 following a robust recovery in 2021, but risks have intensified

SOUTH AFRICA · Forecast · 28 Apr 2022

• South African growth: South Africa’s economy underwent a robust recovery of 4.9% in real GDP during 2021 from 2020’s deep contraction of 6.4%. On top of growth coming from a low base as well as the recovering global economy acting as a tailwind, South Africa’s growth was also propelled by the s...

Reasons to be pessimistic

COLOMBIA · Report · 27 Apr 2022

Colombia’s Fuel Price Stabilization Fund deficit is projected to reach nearly 3% of GDP in 2021-2022, with a peak annualized deficit of COP 26.1 trillion this year. The Autonomous Committee of the Fiscal Rule published an analysis that is both timely and courageous: it warns that structural solut...

Fidesz won easily and faces all the economic and foreign policy mess currently developing

HUNGARY · Forecast · 27 Apr 2022

The governing Fidesz-KDNP alliance won the parliamentary election by a surprisingly large margin early this month. Their victory was no surprise at all, but the continuation and even a slight increase of their constitutional majority was entirely unexpected. Fidesz’s win has removed a great deal ...