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COUNTRY INSIGHTS

Pressure for more emergency aid and other weekly topics
BRAZIL POLITICS · Report · 29 Mar 2021

President Jair Bolsonaro leads the first meeting of the National Coordination Committee for the Pandemic Response. The new Public Tender Law should be sanctioned on Thursday. Wednesday is the deadline for the functioning of the Joint Committee on Tax Reform. This week's Talking Points: ...

Monetary Policy: the Risks Ahead
BRAZIL ECONOMICS · Report · 29 Mar 2021

In the last Inflation Report, the Central Bank detailed the reasons it decided to start the “monetary normalization” with an increase of 75 basis points in the SELIC rate, to be followed by another hike of the same magnitude. Although recognizing that the inflation of 5.2% in the 12 months throug...

​Lockdown watch
PHILIPPINES · In Brief · 29 Mar 2021

Metro Manila and 4 surrounding provinces (“NCR plus”) went into the most stringent lockdown classification (“ECQ”[1]) today that will last a week. Checkpoints have been set up, a long curfew (6pm to 5am) imposed and only one person per household allowed to go out for essential procurements. The l...

Russia and the internet
RUSSIA / FSU POLITICS · Report · 29 Mar 2021

On March 10 Russia slowed down Twitter for several hours. The aim was to penalize Twitter for failing to remove prohibited content. Putin is keenly alive to the importance of controlling the media. Information warfare is being used more and more by governments, and the keyboard is apparently migh...

4 Ukrainian soldiers killed fighting
RUSSIA / FSU POLITICS · In Brief · 29 Mar 2021

On March 27 Ukraine annonced the deaths of the servicemen and that several more were wounded. There was shelling by separatists that killed the soldiers. 19 soldiers have been killed in 2021. Zelensky said he wanted the conflict to be de-escalated. Until now the ceasefire signed in July 2020 has ...

The economic rebounds as restrictions are lifted
ISRAEL · In Brief · 29 Mar 2021

Weekly Macro Wrap Up 29.3.21 Recent economic data remains rather positive and reflects the rapid opening up of the economy on the back of mass vaccination. We stress the weekly credit card purchases which increased by 6% in the last week through the 25.3, and has increased by 31% since mid-Februa...

Flights from Russia to Uzbekistan and Tajikistan resume
RUSSIA / FSU POLITICS · In Brief · 28 Mar 2021

On March 27 it was announced that flights between the three countries shall restart on April 1, 2021. This will delight migrant workers from Central Asia who have been reduced to absolute poverty for the last 12 months. Flights will be less frequent than before the pandemic. They will start with ...

GlobalSource Partners Analyst Webinar Series: Turkey - Final Countdown?
TURKEY · Report · 28 Mar 2021

This Sunday we are attaching a link to the replay of our webinar, “Turkey: Final countdown?” and the presentation from the webinar. We will keep you posted on events with In Briefs, if need be, and we are also planning to issue a short quarterly note, in which we will reflect on recent past ev...

Lockdown order for "NCR plus"
PHILIPPINES · In Brief · 27 Mar 2021

At around 6:30 tonight, President Rodrigo Duterte placed Metro Manila and four surrounding provinces (“NCR plus”) under Enhanced Community Quarantine (ECQ), ordering people to stay at home and shuttering businesses deemed non-essential. But unlike last year, public transport will continue to oper...

Russian personal debt at an all time high
RUSSIA / FSU POLITICS · In Brief · 27 Mar 2021

The percentage of personal income that Russians are spending repaying their debts is at its highest ever level. The Central Bank of Russia published this datum on March 26. The everage debt burden rose to 11.7% of a person's income. The debt burden has been growing for years. The pandemic is the ...

Russia to strengthen links with Myanmar
RUSSIA / FSU POLITICS · In Brief · 27 Mar 2021

On March 26 the Russian deputy defense minister visited Myanmar and expressed his country's wish to increase trade and cooperation. He was meeting the Mynmarese Army's commander in chief. Russia sells significant quantities of arms to Myanmar.At the UN, Russia has voted against any criticism of M...

A critical year
CENTRAL AMERICA · Report · 26 Mar 2021

Guatemala performed better than its regional partners in 2020. Though the COVID-19 pandemic affected the global economy, its intensity differed from country to country. In Guatemala, temporary restrictions on economic activity were compensated for by positive external results in merchandise expor...

​Covid watch (4)
PHILIPPINES · In Brief · 26 Mar 2021

The surge in covid19 cases continued this week with the daily new cases reaching another high of 9,838 today. The 7d average was 7,846 this week, up another 50% from last week and more than doubling in a span of 12 days. Metro Manila accounted for about half of the total. Most worrisome, health f...

GULF WEEKLY: Kuwait’s emir returns to a crisis, Covid worsens, IMF lifts Bahrain debt forecasts
GULF COUNTRIES · Report · 26 Mar 2021

A skimmable summary overlaid with our analysis and links. Headlines: * Covid cases are on the rise, particularly in Bahrain and Kuwait, and new restrictions are being introduced. * Saudi Arabia rehashed a Yemen ceasefire proposal that the Houthis unsurprisingly rejected. This comes as their a...

Russian rocket launches UK telecomms into space
RUSSIA / FSU POLITICS · In Brief · 26 Mar 2021

On March 25 a rocket took off from the Vostochny cosmodrome in the Russian Far East bearing 36 British satellites for phone and internet connections. OneWeb is a UK company seeking to finish a group of low orbit satellites to improve broadband worldwide.The company is striving to complete the pro...

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