Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: POLITICAL PASSIONS IN THE...

Learn More

COUNTRY INSIGHTS

Good news for The Bahamas. How to fund the key political promise of reducing VAT is answered very positively.
JAMAICA / BAHAMAS · In Brief · 29 Oct 2021

In his supplementary budget presentation on Wednesday afternoon, Prime Minister Philip "Brave Davis" announced that the promised reduction in VAT from 12 to 10% will be achieved in a revenue neutral way by eliminating the zero rating under VAT of a variety of items. He further claimed that the Mi...

Tajikistan sabre rattling towards the Taliban
RUSSIA / FSU POLITICS · In Brief · 29 Oct 2021

Tajik troops have massed on the border with Afghanistan, Tajikistan's longest border. The poverty-stricken country of 5 million cannot beat Afghanistan, which has 32 million people. The Taliban has also inherited state-of-the-art military technology that the US left behind. Some say that the Tali...

Recovery and corruption
CENTRAL AMERICA · Report · 29 Oct 2021

Costa Rica’s economic activity continues recovering, after COVID-19’s disruptive effects. External demand is the main driver, as shown by short-term indicators. In fact, most of the dynamism comes from the export-oriented free-trade zones, while the so-called “definitive regime” lags far behind. ...

The Court-ordered payments PEC may allow the government to guarantee additional payments for low-income people, next week a possible truck drivers’ strike may pose an issue, and the 5G auction may raise up to R$ 49.7 billion
BRAZIL POLITICS · Report · 29 Oct 2021

There are rumors about the possibility of bringing back the emergency aid payments, as well as the state of emergency. The government could increase the value of the Bolsa Família by 20%, ensuring each beneficiary receives at least R$ 400. Voting on the PEC is scheduled for Wednesday. Regarding t...

GULF WEEKLY: Saudi & Bahrain pledge net-zero, Kuwait oil capacity declines, Qatar plans citizenship reform
GULF COUNTRIES · Report · 29 Oct 2021 · 1 response

​A skimmable summary overlaid with our analysis and links. Headlines: * Saudi Arabia and Bahrain made 2060 net-zero pledges. * Saudi Arabia issued a record number of investment licenses in Q3, persuaded more multinationals to base their regional HQs in Riyadh and saw improved attendance at th...

Webinar Replay: Central America and the Caribbean
CENTRAL AMERICA · Report · 29 Oct 2021

Gain insights into the issues that matter the most for the Central America and Caribbean region, focusing on El Salvador, the Dominican Republic, Costa Rica, Panama, and The Bahamas. Visit our calendar page to watch the webinar replay.

The relevance of mining in recent growth does not correspond to its fiscal importance. The political situation is impeding reforms to the pension program and to exiting the GAFI and EU gray lists.
PANAMA · Report · 29 Oct 2021

We discuss four issues in this report: (1) the importance of copper mining, now and in the short term, for the country’s real activity, the balance of payments and government revenues, as compared with the importance of the Panama Canal (ACP); (2) the negative implications of the inclusion of Pan...

​Delta watch 7
PHILIPPINES · In Brief · 29 Oct 2021

Government today announced that Metro Manila will remain under alert level 3 until November 14. The 5-level alert system was introduced in mid-September with “1” being the least restrictive and “5” the most restrictive. Metro Manila was downgraded from level 4 to level 3 in mid-October. Alert lev...

2021–2022 forecast: more benign scenario won’t end hardship
VENEZUELA · Forecast · 28 Oct 2021

We continue to see severe hardship ahead for most Venezuelans. Nonetheless, our revised forecast scenario is slightly more benign than that of three months ago. We revise up our outlook for growth. We now see a 2.5 percent pace of expansion for 2021, up from our earlier projection of 0.8 perc...

Inflation Report: Rate cuts to continue
TURKEY · In Brief · 28 Oct 2021 · 1 response

The CBRT released the final Inflation Report of the year today (presentation here; overview chapter here). The year-end inflation forecasts for 2021 and 2022 were raised further to 18.4% and 11.8% (both midpoints), respectively, from 16.2% and 9.8%, in the September MTP. This year’s inflation for...

The first-round vote on the Court-ordered payments PEC was unsuccessful, the House approved the bill to create a gas subsidy for low-income families, and the TSE resumes judgment of the cases calling for the revocation of Bolsonaro’s electoral ticket
BRAZIL POLITICS · Report · 28 Oct 2021

The government will try to approve the Court-ordered payments PEC again today. Deputies of the opposition are asking for the FUNDEF’S court orders to be removed from the spending ceiling. The provisional measure that instituted the Auxílio Brasil program determines that 90 days after its enactmen...

Growth falls amid global energy crisis
CHINA · Report · 28 Oct 2021

Growth slowed, with real estate investment cooling dramatically. In Q3, GDP rose 4.9% y/y, the same rate as in Q3 2020, and lower than in Q2 2021. Industrial output in Q3 rose 4.9% y/y, down 0.9 pps from Q3 2020, and was up 2.1% y/y in September -- a major fall. Investment was up 7.3% y/y, wit...

Uncontrolled Delta seems stronger than partial vaccination
HUNGARY · In Brief · 28 Oct 2021

At least according to the recent Covid data of Hungary. The latter shows that the ongoing 4th wave is running up pretty much in tandem with the 2nd wave of the same season of last year. Currently, daily new infections (7-day average, reported this morning) are at 115% of the same date of 2020, an...

Industrial growth remains strong in September
RUSSIA ECONOMICS · In Brief · 28 Oct 2021 · 1 response

Rosstat reported that industrial output grew y-o-y by 4.7%, 6.2%, and 6.8% in 9M21, 3Q21, and September alone. Seasonally and calendar-adjusted industrial output grew by 1.7% m-o-m.Mining was up by 3.0%, 9.4%, and 9.5% y-o-y over the same periods. As oil and gas extraction combined was up by 0.9%...

​The saga of 10 Ambassadors: Turkey’s DIY[1] crisis
TURKEY · In Brief · 27 Oct 2021 · 1 response

Erdogan’s rage against 10 Ambassadors who jointly issued a statement urging Turkey to release philanthropist Mr. Osman Kavala has made it to world media headlines.However, the question of who bested whom at the end, and why the crisis was triggered requires explanation. Yours Truly once again det...

Copyright 2025 GlobalSource Partners. All rights reserved.