Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

Russian industrial production down
RUSSIA / FSU POLITICS · In Brief · 19 Aug 2020

On August 18 the Russian Statistic Agency published data showing that industrial output fell 8% in July Y o Y. That is not as bad as May and June 2020 when it was 9.5% down Y o Y.Oil, gas and coal extraction is down more sharply than industrial production. Oil was down 165 Y o Y in July. The trou...

Bolsonaro and Guedes’s relationship is even more secure
BRAZIL POLITICS · Report · 18 Aug 2020

The meeting that took place on August 17 at the Planalto Palace between President Jair Bolsonaro and Minister of the Economy Paulo Guedes further reaffirmed the trust between them. When leaving the Planalto Palace, where he discussed measures to edit the funding in the budget, Guedes said, "The p...

​OMAN: Cabinet reshuffled and VAT debated, but revenues collapse and Fitch downgrades
GULF COUNTRIES · Report · 18 Aug 2020 · 2 responses

There has been a flurry of Oman developments in the last few days, positive and negative, which are important to assess as the country prepares for a bond issuance in the relatively near future (well before its recently-closed $2bn bridge loan matures in mid-2021). Negative Fitch downgrad...

Finance Ministry cancels OFZ placement this week
RUSSIA ECONOMICS · In Brief · 18 Aug 2020 · 1 response

The Russian Ministry of Finance authorities decided not to conduct OFZ primary placement this week. To remind, last week the Finance Ministry failed to attract enough demand at reasonable yield and canceled the placement. This week the cancelation was made in advance. During the last three weeks ...

The problem of inflation
INDIA · Report · 18 Aug 2020

By law, the RBI is expected to deliver year-on-year CPI inflation in a range from 2 to 6 per cent. In recent months, headline inflation has often overshot above 6 per cent. Why has this happened? Petroleum product prices in India did not drop in line with the collapse in the world price of cru...

Essential CIS Politics: August 2020
RUSSIA / FSU POLITICS · Report · 18 Aug 2020

* Russia claims to have developed a coronavirus vaccine. * In Belarus the president claimed to be re-elected despite widespread allegations of massive fraud. * Protests continue in the Russian Far East against the arrest of a popular governor. * Russian economic growth is sluggish, and the...

China virus check – week ending August 17, 2020
CHINA ADVISORY · Report · 18 Aug 2020

Economic activity in China was mixed in the past week. Heavy industry remains relatively flat – but is not declining. The retail sector is mixed. Car sales were down YoY but cinema theaters showed a slight uptick, indicating growing confidence among consumers for leaving the house. The trends are...

Russia using EUR for most Chinese trade
RUSSIA / FSU POLITICS · In Brief · 18 Aug 2020

On August 17 data was published by the Central Bank of Russia (CBR) stating that Russia now receives EUR more than USD for sales to China. Moscow has long wished to reduce USD usage. Over 50% of Chinese purchases from Russia are denominated in EUR. In 2019 the figure was 43%.Russia sells oil, gas...

New poll shows improvement in Bolsonaro’s popularity and strengthens Guedes
BRAZIL POLITICS · Report · 17 Aug 2020

The improvement in public opinion in relation to the economy is the main factor responsible for the increase in President Jair Bolsonaro’s popularity. In the XP/Ipespe poll published today, the Jair Bolsonaro government’s great/good ratings increased by 7% and are now at 37%. His bad/very bad rat...

Politics: Infighting heats up in Camp 4T
MEXICO · Report · 17 Aug 2020

Last week, an audio recording was leaked of Minister of the Environment Víctor Manuel Toledo sharing with top members of his staff a blistering critique of the government of President Andrés Manuel López Obrador and its failure to seriously pursue the “regime change” he promised with his claim to...

Noisy politics and new lockdown jeopardize the economic recovery
PERU · Report · 17 Aug 2020

Congress delivered a shock on Tuesday, August 4, when it passed a vote of no confidence in the then-prime minister, Pedro Cateriano, and his Cabinet. Although the new prime minister, Walter Martos, and his Cabinet were approved by Congress last Tuesday, August 11, with a large majority (115 out o...

Russia's industrial performance looked encouraging in July amid some improvements in manufacturing
RUSSIA ECONOMICS · In Brief · 17 Aug 2020

In the aftermath of some break caused by the lockdown in April and May, the Russian industry performed reasonably well in July. Though, mining was still under pressure due to deep contraction in oil production stipulated by the OPEC+ deal. Rosstat reported that oil and gas extraction in July was ...

A positive outlook for reforms and other weekly topics
BRAZIL POLITICS · Report · 17 Aug 2020

Presidential vetoes that could be overturned may be analyzed by Congress. Among them are the vetoes on payroll tax exemptions and civil servants' salaries. The economic team is discussing a trigger system for the spending ceiling with party leaders. In the Senate, we highlight the discussion of t...

Are We in a Pandemic or Las Vegas?
BRAZIL ECONOMICS · Report · 17 Aug 2020

In 1921, Frank Knight defined the difference between risk and uncertainty. Put succinctly, risk can be measured – a standard deviation above the mean indicates a greater risk – while uncertainty cannot be measured. As will be seen below, the standard deviation of the forecasts for GDP in 2020 (Fo...

Economics: Public spending priorities for 2020 remain the same as before
MEXICO · Report · 17 Aug 2020

As the first full-year budget following the extraordinarily sophomoric exercise of 2019, the 2020 budget and the net public spending as of June offer a much clearer view of the ways in which this government intends to target and implement its resources. The newly released public finance results f...

Copyright 2025 GlobalSource Partners. All rights reserved.