NEWS FLASH
The fiscal austerity measures remain on the political agenda. The House may vote on the bill on payroll tax exemptions and on MP 668/15 (PIS and Cofins for imports). In the Senate, analysis of MP 665/14, on unemployment insurance and salary bonuses, is on the agenda. By Friday, the government ...
With three weeks left to the ballot date, opinion polls mostly reflect the political bias of the polling company, rather than the reality. We stick to our forecast of a weak AKP victory, with HDP making it to the parliament. Yet, it is quite possible that voters are...
The government of Benigno Aquino is heading towards its last year in office basking in glowing reviews about the resilience and growth potential of the economy.As the din characteristic of pre-election Philippines grows louder, many wonder whether they will see a mo...
In keeping with the recovery seen in internal consumption of recent months, bank credit for durable goods purchases increased in each of the first three months of 2015 and in the process capped a 14-month long contraction in the availability of such loans. However,...
Preliminary Q1 2015 GDP (+0.6% qoq, +3.1% yoy sda) was slightly down from last year but growth is still running at relatively high pace, due to strong consumer demand and impressive export data. The government’s 2015 GDP forecast has been raised to ...
Over the course of an eight-year government offensive against drug trafficking, the structure of organized crime has morphed and fragmented considerably. Gone are almost all of the drug cartels of yesteryear and in their place have emerged myriad criminal gangs tha...
The House votes on another fiscal austerity measure: MP 664/14 (pension and sick leave). In the Senate, the appointment of Luiz Edson Fachin to the Supreme Court will be analyzed. On Friday, President Dilma may launch the concessions program, an attempt by the government to implement a positiv...
In Y. V. Reddy's period as governor (6/Sep/2003 to 5/Sep/2008), there was vigorous pursuit of exchange rate policy. In an attempt to defend the dollar, RBI purchased a lot of foreign assets and paid for this using rupees. These rupees distorted domestic monetary policy. At a time of the bigges...
Turkish election campaigns have mutated into a three-way mudslinging match between AKP-MHP and HDP, while CHP has been marketing hugely expensive populist promises. We have a large number of polls, but they don’t increase our comfort with predictions.HDP is hovering...
Russian inflation has finally stabilized. CPI data for April showed long-awaited decline in inflation. Consumer prices increased 16.4% y-o-y (+0.5% m-o-m) compared to 16.7% y-o-y (+1.2% m-o-m) in March....