NEWS FLASH
The following is a summary table with the fiscal measures adopted by President Dilma’s economy team. Of the 11 announced acts, three were still not published in the official gazette and six still depend on legislative approval.
This year will be rough, and next year even rougher. While the full impact of plummeting oil prices will only hit fiscal accounts next year, the government faces huge challenges now in trying to calm investors’ jitters, and to restore confidence. This will involve s...
The international oil market has continued to experience an excess supply of crude, and except in the United States, weak demand through the first weeks of 2015. As a result, the prices of all varieties of crude have been plummeting.
As we have mentioned in...
Last week produced numerous reminders of the internal party divisions plaguing the opposition. The center-right PAN rebuffed the request of Margarita Zavala to run for Congress, prompting the wife of ex Mexican President Felipe Calderón and former member of Congres...
President Dilma’s second-term economics team makes its first international trip:Joaquim Levy (Finance) and Alexandre Tombini (Central Bank) participate in the World Economic Forum in Davos, but Dilma Rousseff cancelled her participation due to the inauguration of reelected Bolivian president, ...
When the Modi administration took charge, there was euphoria and a genuine sense of possibility. However, the first eight months do not bode well. The economic downturn that began in 2010 has not reversed, the fiscal situation remains daunting, and a small part of t...
The Monetary Policy Committee (MPC) reduced its one-week repo rate by a relatively sizable 50 bps to 7.75%, while keeping the O/N corridor intact (see chart).
The move was relatively unexpected in the sense that the majority of participants in the recent CNBC-e poll, for instance, had...
CBR published its preliminary BoP estimate for 2014 and 4q2014. It is f...
The government announced that Eximbank and the China Development Bank had agreed to extend $7.5 billion in loans.Though Minister of Finance Fausto Herrera said $4 billion would probably be disbursed in 2015, it’s likely that only $1.5 billion will be available to he...
As ISIS and Yemeni al-Qaeda urge their followers to attack Europe, authorities in large EU countries remain on high alert, leading us to think that Charlie Hebdo-like incidents may occur more frequently. Ankara, too, remains deeply concerned about contagion from fun...
Congress approved most of the Finance Ministry’s proposed economic stimulus measures, as expected. A few are still pending, including measures that soften conditions for job cuts, especially prized by businesses.
But a law that allows new workers under age 2...
Preliminary figures from the Central Bank indicate that GDP growth for 2014 exceeded expectations.It recorded an increase of 7.1% compared to 2013, the highest in Latin America. All economic sectors registered growth. The leading activities were mining (20.9%), cons...