Services

NEWS FLASH

UPCOMING WEBINAR - GEORGIA'S ELECTIONS AND CAUCASUS AND CENTRAL ASIA OU...

Learn More

COUNTRY INSIGHTS

Inflation shoots up
VENEZUELA · Report · 12 Jun 2017

We forecast month-on-month inflation shooting up to 26 percent in June, and revise upward our May estimate to 22 percent (from 18 percent in our previous report). The year-to-date inflation rate for the first half of 2017 rises to 184 percent and the year-on-year rate goes up to 627 percent.

Temer survives Superior Electoral Court
BRAZIL POLITICS · Report · 12 Jun 2017

President Michel Temer obtained an important victory in the Superior Electoral Court (TSE). By four votes to three, the Court decided to keep Temer in the presidency in the case that called for the annulment of the 2014 PT/PMDB presidential ticket. The Electoral Public Ministry will likely appe...

Political and Economic Update
TURKEY · Report · 11 Jun 2017

We find political risks acceptable in the short-run, though political stability is only skin-deep beyond the autumn/winter of 2017. At home, Cabinet reassignments and the new road map are delayed either because of the Qatari Crisis or by the counsel of PM Yildirim, who wishes to work with his cur...

Core inflation rose further in May
HUNGARY · In Brief · 08 Jun 2017

CPI-inflation was 0.2% mom, 2.1% yoy in May. Although the yoy headline rate fell slightly, from 2.2% in April, this means no good news for the MNB (even though not very negative either). In fact, the various measures of yoy core inflation moved further up slightly, to 1.6-2.1% in May, from 1.5-1....

Economics: FDI Faces Stubborn Hurdles
MEXICO · Report · 08 Jun 2017

Investment turned in a stubbornly weak performance throughout 2016 and the first two months of 2017, which stands in contrast to private consumption, which was the Mexican economy’s dominant growth driver in 2016 and continues to display strength into 2017. Both private and public investment have...

Chinese politics and financial sector reform
CHINA FINANCIAL · Report · 08 Jun 2017

Special points to highlight in this issue: • While in many ways it seems that Xi Jinping will be able to emerge from this year’s Party Congress having placed allies in many of the key positions, including in the all-important Standing Committee, the recent stepping-up of what seems to be a conc...

Inflation forecast down, growth revised downwards, yet rates still unchanged
INDIA · In Brief · 07 Jun 2017

The RBI's Monetary Policy Committee meeting today decided to hold interest rates stable in the face of falling inflation, slowing demand, slowing credit growth, a collapse in investment and a prudent fiscal policy. RBI's inflation forecast was below target for the first half of the coming year, a...

A Victory for Naftogaz in Stockholm
UKRAINE · Report · 07 Jun 2017

A long-awaited decision by the Arbitration Institute of the Stockholm Chamber of Commerce on Gazprom’s lawsuit against Ukraine’s Naftogaz was handed down on May 31st. Many details are still unknown, but critical elements are positive for Ukraine. The panel rejected the take-or-pay provisions Gazp...

Growth at Last
ARGENTINA · Report · 07 Jun 2017

Chief of Cabinet Marcos Peña might have been in a hurry to announce some still-unpublished news. But despite his politically-driven urgency, in the run-up to the October midterm elections, he seems to be right. Though April activity data still shows mixed results, the general economic picture has...

Current structure of growth appears to be forint-positive
HUNGARY · In Brief · 07 Jun 2017

The Central Statistical Office (KSH) published three important data sets in the last 24 hours:1. Yesterday, it reported retail sales, which rose by only 2% yoy on day-adjusted basis in April, bringing the January-April yoy growth rate down to 3%, from 5.6% in the corresponding period of 2016;2. T...

South Africa Enters into a Recession during the First Quarter of 2017
SOUTH AFRICA · Report · 06 Jun 2017

​South Africa technically moved into a recession as figures released by Statistics South Africa indicate that the economy contracted by 0.7% during the first quarter of 2017. A recession is defined as two consecutive quarters of negative GDP growth, and since the first quarter’s -0.7% q/q growth ...

Politics: PRI Surprises, PAN Disappoints
MEXICO · Report · 06 Jun 2017

We don’t yet have final results from Sunday’s state elections, but the preliminary results as of Monday afternoon make clear which parties won most of the contests. The PRI apparently managed to hold off strong challenges in two crucial gubernatorial contests, including the all-important State...

Week of June 5
BRAZIL POLITICS · Report · 05 Jun 2017

An important week for the government, especially for President Michel Temer: the TSE begins discussions in the case that could remove him from power. Allies will monitor the discussions. The PSDB meets on Thursday to discuss the political environment. In the Senate, the government will try to dis...

The Political Crisis and the Economic Picture
BRAZIL ECONOMICS · Report · 05 Jun 2017

With a large negative GDP gap and falling inflation, the interest rate will continue to fall, but the Central Bank has already indicated that due to the uncertainties, the next cuts will be smaller. Our projections before the crisis were that the SELIC rate would reach 8% at the end of 2017 and s...

GDP in the First Quarter
BRAZIL ECONOMICS · Report · 05 Jun 2017

After two years of contraction, GDP expanded strongly in the first quarter of 2017, at an annualized rate of 4.3%. But the details of this growth show that the improvement was more apparent than real. First, the result was almost totally due to the performance of agriculture, whose output grew by...

Copyright 2024 GlobalSource Partners. All rights reserved.