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Events
Databanks
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Argentina databank Mar 17
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Brazil Economics databank Mar 17
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Central America databank Feb 26
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Chile databank Feb 18
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China databank Mar 21
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Colombia databank Mar 5
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Dominican Republic databank Mar 20
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Ecuador databank Feb 20
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Gulf Countries databank Mar 14
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Hungary databank Feb 19
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India databank Feb 25
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Mexico databank Jan 23
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Panama databank Jan 28
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Peru databank Mar 5
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Philippines databank Mar 10
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Poland databank Feb 26
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Russia Economics databank Mar 14
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South Africa databank Mar 7
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Turkey databank Dec 24
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Ukraine databank Mar 6
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Venezuela databank Feb 4
NEWS FLASH
UPCOMING WEBINAR - ECUADOR RUNOFF: SHIFTING VOTES AND THE ROAD AHEAD...
COUNTRY INSIGHTS
IMF view of new high court anti-corruption law still a mystery
UKRAINE · Report · 18 Jun 2018
The bill on the high anti-corruption court (HACC) has finally passed in the Verkhovna Rada. President Petro Poroshenko promptly signed it into law, and it took effect on June 14th. Nominally, Ukraine’s government has fulfilled the IMF requirement, but, predictably, the law was not quite the one t...
Last month of legislative activity before the mid-year recess and other weekly topics
BRAZIL POLITICS · Report · 18 Jun 2018 · 1 response
The Central Bank, pressured by the external scenario, will offer approximately US$10 billion in swap contracts to increase liquidity in the foreign exchange market. On Wednesday, the central bank will announce the benchmark interest rate. Finance Minister Eduardo Guardia meets with investors in N...
Carrasquilla to lead Duque’s transition team
COLOMBIA · In Brief · 18 Jun 2018 · 1 response
Alberto Carrasquilla, former Minister of Finance under president Uribe and the most mentioned name for taking that same post again during the next administration, has been designated general leader of the two-month transition, until August 7th, by president-elect Iván Duque.On the government’s si...
Economics: Fuzzy economics of the final debate
MEXICO · Report · 18 Jun 2018
The third and final presidential candidates’ debate was planned around three broad policy areas, the first being economic growth, poverty and inequality. But, unfortunately, the contenders preferred to spend most of their time attacking one another, and when they did get around to economic policy...
Politics: AMLO and the businessmen: hesitant pragmatism
MEXICO · Report · 18 Jun 2018
Relations between Andrés Manuel López Obrador and most of the country’s business class have long been fraught. The man who increasingly seems will be the country’s next president has often had choice words for some of the country’s most powerful business leaders and has troubled them with his app...
How long will China’s slowdown last?
CHINA FINANCIAL · Report · 18 Jun 2018
Special points to highlight in this issue: • A sharp slowdown in economic growth in May was preceded by a sharp slowdown in credit growth. Analysts are confusing the slowdown in credit growth with the deleveraging process, and will undoubtedly point out that Chinese deleveraging is causing gro...
Weekly Macro-Economic review
ISRAEL · Report · 18 Jun 2018
Inflation in May was in line with consensus, but the acceleration of housing rental prices poses a risk for higher inflation. External fundamentals are less shekel positive than in the past, with the CA surplus reaching 2.2% GDP in Q118, down from 3% in 2017. We expect inflation to reach 1% NTM, ...
Economic activity: A new frustration of expectations
BRAZIL ECONOMICS · Report · 18 Jun 2018
After the weak GDP result for the first quarter, some signs of better performance emerged in April. Unfortunately, however, even before the truckers’ strike (which put paid to any expectations of faster recovery), those signs were already changing for the worse, making the diagnosis even clearer ...
Cohabitation, contagion, contraction
TURKEY · Report · 17 Jun 2018 · 2 responses
In the final week before elections, Erdogan’s lead in the presidential race looks insurmountable, but not large enough to seal the deal in the first round. While we discus some downside scenarios for Erdogan, we are confident in our forecast of a second-round victory over the CHP candidate Muharr...
Maduro seeks more control
VENEZUELA · Report · 15 Jun 2018
Maduro freshens up his cabinet by bringing in "more women and youngsters". Yet he is simply reshuffling people already holding top positions in government or chavista organizations. One of the cabinet changes stands out, though, as it hints at what Maduro is looking for early on in his second ...
Power was absolute, but not everlasting
ECUADOR · Report · 15 Jun 2018
Political events have evolved with amazing speed in Ecuador since May 2017, when President Moreno took office. The new president has managed to dismantle the almighty power structure of former President Correa, who finished as the “head of all powers” (as he referred to himself), dominating execu...
Tightening interbank liquidity
CHINA ADVISORY · Report · 15 Jun 2018
Chinese banks have been caught in the middle of stronger regulations and rising pressure from new competitors, particulary the internet finance companies. Under new rules discussed late last year that banks are starting to put in place, guaranteed wealth management products have been forbidden, r...
Multiple exchange rates are back again
VENEZUELA · In Brief · 15 Jun 2018
For some time, the government has been looking for ways to channel remittances trough the Dicom system to the central bank. We estimate this inflow at about $1 billion a year, the government seems to believe it’s around $3 billion. The huge gap between the Dicom rate and the price of the dollar i...
Shift in the monetary policy? In short, (9am BA Time) a press conference from Dujovne after Sturzengger´s resignation
ARGENTINA · In Brief · 15 Jun 2018
Federico Sturzenegger resigned as president of the Central Bank. Former finance Minister Luis Caputo, which is one of Macri’s most trusted ministers, takes the role as head of the local monetary authority. Treasury Minister Dujoven, re-units Finance Ministry and Treasury under his commands. With ...
Senator Bautista, close ally of Leonel Fernandez, sanctioned by the US Treasury on corruption
DOMINICAN REPUBLIC · In Brief · 14 Jun 2018
Early this week, under the so-called Magnistky Law, the US State Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Senator Felix Bautista, a close ally of former President Leonel Fernandez, for engaging in corrupt acts, including in relation to reconstruction efforts...