NEWS FLASH

GLOBALSOURCE PARTNERS ANALYST WEBINAR SERIES: JOIN US LIVE AS OUR ANALY...

Country Insights

Gsp report report thumbnail
Legislative Imperatives
PHILIPPINES - Report 03 Oct 2014
We are keenly following three things now on Congress’s plate given their crucial role in keeping confidence and economic growth up in the very short term, as well as over the longer haul. The more immediate one is the President’s request for emergency powers to address a forecast shortage in elec...

Gsp report report thumbnail
Time To Have a Little Break
TURKEY - Report 03 Oct 2014
September CPI inflation came in at a better than expected 0.1% (consensus: 0.4%), largely on account of a favorable drop in food prices and a somewhat stronger than expected base effect in transportation prices. Food prices, we estimate, have shrunk modestly in September (seasonally-adjusted), po...

Gsp report report thumbnail
Fiscal Policy: A Picture Without Retouches
BRAZIL ECONOMICS - Report 02 Oct 2014
Executive Summary The primary surplus target of 1.9% of GDP in 2014 will not be met. This comes as no surprise. The surprise comes from the fact that the distance between the “official” target and what is actually achieved will be greater than previously estimated, revealing the magnitude of t...

Gsp report report thumbnail
2015 Budget
CHILE - Report 02 Oct 2014
On October 1, the government presented to Congress its proposal for the 2015 budget. The budget must be approved by Congress before the end of November. The government claims that the budget is aggressively countercyclical. Fiscal spending in Chile depends on “structural” rather than current f...

Gsp in brief thumbnail
Moderate Central Bank President Resigns
ARGENTINA - In Brief 01 Oct 2014
Today Juan Carlos Fábrega presented his resignation as President of Argentina's Central Bank (BCRA). As his replacement President Cristina Fernández de Kirchner (CFK) appointed Alejandro Vanoli, former president of the National Securities Commission (CNV), the local capital market regulator. Fabr...

Gsp report forecast thumbnail
Navigating a Cold Peace
UKRAINE - Forecast 01 Oct 2014
The “Truce treaty” with the separatists has left Ukraine in a very unclear position. On one hand, President Petro Poroshenko says this step was crucial to halting further Russian advances into Ukrainian territory (though the Russian Army’s heavy casualties were probably the real reason). On the o...

Gsp report report thumbnail
Moderate Central Bank President Resigns
ARGENTINA - Report 01 Oct 2014
This Market Brief was originally issued on October 1, 2014 as a post on GSP Direct, the GlobalSource Partners interactive webtool providing clients an initial response to breaking news and developments. Today Juan Carlos Fábrega presented his resignation as President of Argentina's Central Bank (...

Gsp report report thumbnail
Don’t Expect The Reform Process To Be Linear
CHINA FINANCIAL - Report 01 Oct 2014
• Recent rumors that Zhou Xiaochuan will retire as governor of the PBoC should not be interpreted as an indication that Beijing has changed its mind about the urgency of reform. Given Zhou’s age, it was unlikely that he would remain in his seat for very long, and in fact if these rumors are true,...

Gsp report report thumbnail
SA Water Crisis: Self-made or Natural?
SOUTH AFRICA - Report 01 Oct 2014
Over the past few weeks, Gauteng Province has experienced a new crisis, this time related to another key socio-economic infrastructure category, namely water availability. Hot on the heels of continued disruptions to power supply and rising costs of electricity over the past five years, the persi...

Gsp in brief thumbnail
Turkey’s “no guts, no glory” Dilemma
TURKEY - In Brief 01 Oct 2014
The Cabinet submitted a war powers bill to the parliament which seeks to receive broad authority to combat ISIS, PKK and “other terror organizations in our region” at home and abroad. The bill is worded intentionally vague, leaving much of the discretion in terms of specifics to the Cabinet. For ...

Gsp report report thumbnail
Reform Package: Neutral for Politics, Neutral for Markets
TURKEY - Report 01 Oct 2014
The Reform Package (RP), announced by Prime Minister Erdogan on Monday failed short of the media campaign that led to it, as well as the aspirations of the intended recipients except one clientele: the devout Moslem females. Mr. Erdogan demonstrated once again that substantial human rights reform...

Gsp report report thumbnail
Dilma leads; Marina and Aécio Fighting for a Spot in the 2nd Round
BRAZIL POLITICS - Report 30 Sep 2014
The CNT/MDA and Vox Populi polls (9/29/2014) give Dilma Rousseff (PT) a 15-point lead over Marina Silva (PSB) in the 1st round. This is a considerable advantage given that there is less than a week left before the election. The question is – whom will she face in the 2nd round?It is likely to be ...

Gsp report report thumbnail
Weak Links in 2015 Budget
MEXICO - Report 30 Sep 2014
Since the Ministry of Finance handed Congress the administration’s 2015 budget proposals, a number of officials have come forward to argue that if approved, this budget would prove to be both responsible and one that would push public investment to new record highs, even going so far as to argue ...

Gsp report report thumbnail
Harbingers of More Good Things to Come
MEXICO - Report 30 Sep 2014
Executive Summary Signs of recovery are growing broader, and more pronounced, suggesting brighter prospects for H2.Industrial production in July was growing 2.1% faster than a year earlier. This was the sixth increase in 2014, and the second biggest, after the 3.6% increase in March. The Mexican ...

Gsp report report thumbnail
Back to Basics
VENEZUELA - Report 30 Sep 2014
Executive Summary With $6.4 billion in Venezuelan public debt service payments coming due in the fourth quarter of 2014, $10.0 billion coming due annually between 2015 and 2017, and liquid foreign assets at dangerously low levels, markets are nervous about the possibility of default. This report ...