GlobalSource Partners | Country Insights

Former President Lula criticized the government for the high rate of inflation. President Bolsonaro responded by calling Lula shameless. For Bolsonaro, the rise in prices was caused by the social isolation measures during the pandemic. There will likely be a meeting between the third way parties ...

Synthesis of the Brazilian Economy

BRAZIL ECONOMICS · Report · 02 May 2022

As the war caused by the Russian invasion of Ukraine enters its third month, the hopes of a peace agreement in the near future are fading. The countries that had assumed the role of interlocutors, such as Israel and Turkey, have begun supporting the supply of weapons to Ukraine, and even Germany,...

Economics: April indicators project weakness for the rest of 2022

MEXICO · Report · 02 May 2022

Inegi’s preliminary reading of GDP for the first quarter of 2022 showed that the economy grew slightly more than expected, expanding at an estimated 1.6% yoy pace. While that may have marked an improvement over the more sluggish growth of the fourth quarter of 2021, it constitutes the most recen...

Politics: Pointing to opposition legislators as traitors steps up AMLO´s polarization offensive

MEXICO · Report · 02 May 2022

While President López Obrador and his supporters intensified their attacks on the opposition after the administration’s electric power sector constitutional reform proposal died in Congress on Easter Sunday, over the past week their lambasting of those who voted against the reform for betraying t...

Costa Rican President Elect completes the economic cabinet

CENTRAL AMERICA · In Brief · 02 May 2022

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.