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Events
Databanks
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Argentina databank Apr 30 -
Brazil Economics databank Apr 14
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Central America databank May 1
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Chile databank Apr 7
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China databank Mar 21
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Colombia databank Apr 28
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Dominican Republic databank Apr 28
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Ecuador databank Apr 22
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Gulf Countries databank May 9
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Hungary databank Apr 22
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India databank Apr 28
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Mexico databank Mar 25
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Panama databank Jan 28
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Peru databank Apr 28
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Philippines databank May 8
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Poland databank Apr 29
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Russia Economics databank Apr 11
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South Africa databank May 6
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Turkey databank Apr 24
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Ukraine databank Mar 6
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Venezuela databank May 5
NEWS FLASH
UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...
COUNTRY INSIGHTS
Russia raises rate by the highest amount since 2014
RUSSIA / FSU POLITICS · In Brief · 24 Jul 2021
On July 23 the Russian Central Bank raised the key interest rate by 1%. The aim is to contain inflation. The rate is now 6.5%, which is where it was before coronavirus. The RUB rose a little on the news. A rise in the key rate was generally anticipated. It had been trailed in the media earlier in...
Venezuela and the Pandemic
VENEZUELA · Report · 23 Jul 2021
According to official data, since the second Covid-19 wave began at the end of March, the number of daily new cases has averaged 1,200, with no signs of slowing down and without the Delta variant having officially entered Venezuela. Cases are bound to rise, and quarantines will be more strictly ...
Russia brags about unbeatable weapons
RUSSIA / FSU POLITICS · In Brief · 23 Jul 2021
On July 11 Russia showed its new Sukhoi jet. The warplane can hit six targets simultaneously. It is Russia's answer to the F-35. The Sukhoi jet was shown at Russia's biennial airshow. The jet was developed in 2020. Its development was unusually fast. The manufacturers are Rostec and the United Ai...
Delta watch
PHILIPPINES · In Brief · 23 Jul 2021
Over two months after detecting the Delta variant of the coronavirus in two returning overseas workers, the Department of Health (DoH) yesterday confirmed that there has been local transmission of what the World Health Organization described as the “most able and fastest and fittest of those viru...
Government’s relationship with Congress should improve with the ministerial changes, the Electoral Fund caused tension between Bolsonaro and Dep. Ramos, and Minister Braga Netto’s statement regarding paper ballots was criticized
BRAZIL POLITICS · Report · 23 Jul 2021
Senator Ciro Nogueira will become the first senator in a ministerial position and should facilitate dialogue between the government and the Senate. Despite Deputy Ramos’s threats to review the impeachment requests against Bolsonaro, he will likely not follow through. Congress is considering summo...
GULF WEEKLY: Kuwait downgraded, phone hacking scandal, MBZ visits MBS
GULF COUNTRIES · Report · 23 Jul 2021
A skimmable summary overlaid with our analysis and links. Headlines: * After dipping following Sunday’s OPEC+ deal, oil has recovered back to last week’s level (Brent $73). * The UAE and Saudi crown princes met in Riyadh to signal their ongoing alliance despite differences. * There were emba...
Upcoming Peru Webinar: Reviewing the next government's policies
PERU · Report · 23 Jul 2021
Join us for our live Zoom Webinar on Thursday, July 29, 2021, as our Peru Political Analyst Dr. Alfredo Thorne discusses the new president's political and economic plans following the inauguration.
Webinar: Chile Political Update
CHILE · Report · 23 Jul 2021
Watch the replay of our "Chile: Political Update" webinar featuring Dr. Robert Funk. Following upsets in Chile's primaries, Dr. Funk discusses the primary results and their impact on the upcoming elections, the ongoing constitutional process, and the road ahead for Chile. The replay is availa...
The South African Reserve Bank leaves interest rates unchanged following the country’s unrest
SOUTH AFRICA · Report · 23 Jul 2021
The Reserve Bank’s Monetary Policy Committee (MPC) again voted to leave the benchmark interest rate unchanged following the conclusion of its fourth meeting of the year. As such, the repo rate remains at 3.5% and the prime lending rate at 7%. This was the outcome despite the MPC’s view that the o...
The Russian industry up in 2Q21 and 1H21 by 10.1% and 4.4% y-o-y
RUSSIA ECONOMICS · In Brief · 23 Jul 2021
Rosstat reported that industrial performance was strong in June as it increased by 10.5% y-o-y. The mining sector was up by 13.8%, and manufacturing grew by 7.7% (both figures are y-o-y also). There are significant base effects and y-o-y growth in the mining will remain strong until year-end (eit...
Bolsonaro will likely make changes to his ministerial team on Monday, the Minister of Defense states there will be no election next year unless the paper ballot system is approved, and the truckers’ strike is unlikely to be approved
BRAZIL POLITICS · Report · 22 Jul 2021
Ciro Nogueira should become the Chief of Staff, General Ramos should go to the General Secretariat of the Government and Onyx Lorenzoni will head the new Ministry of Employment. The changes strengthen the Centrão’s role in the government ahead of a difficult second semester in the Senate. Ministe...
Belated prime rate increase: up to 8.0%
UKRAINE · In Brief · 22 Jul 2021
The NBU Board increased primed rate by 0.5 ppt up to 8.0%. That happened despite monthly inflation slowed down to +0.2% m/m (+9.5% y/y) in June from +1.3% m/m (+9.5% y/y) in the prior month. From the press-release it’s not clear why the NBU woke up so late, not a month ago. But as we see, the mon...
Watching the recovery
INDIA · Report · 21 Jul 2021
The economy has gone through a sharp decline, with the extreme lockdown of March 2020, followed by a recovery, a second wave, and then a second recovery. The first recovery had proceeded for 245–322 days while the second recovery has been in motion for 50–78 days. The second downturn was milder t...
Inflation showed more signs of moderation, but more action from the CBR is expected
RUSSIA ECONOMICS · In Brief · 21 Jul 2021
Rosstat reported that the weekly consumer price index during the period ending July 19 turned slightly negative (-0.01%), i.e., into a kind of mini-deflation. As of July 19, inflation MTD was at 0.38% (in 2020 it was almost the same during the comparable period – 0.35%, while inflation YTD reache...
Dep. Ramos believes Bolsonaro is guilty of a crime of responsibility, Augusto Aras reappointed to the PGR for another two years, and Bolsonaro confirms he will veto the increased electoral fund
BRAZIL POLITICS · Report · 21 Jul 2021
Deputy Ramos’s impeachment threats are unlikely to proceed. While the conflict between Bolsonaro and Ramos does not directly affect the government’s relationship with the Centrão or its allies, it does negatively impact the market. The Senate’s legislative agenda in the second semester will be bu...