Services

NEWS FLASH

UPCOMING WEBINAR - PANAMA IN FOCUS: US RELATIONS, CANAL STRATEGY AND FI...

Learn More

COUNTRY INSIGHTS

A rate hike in May? (4)
PHILIPPINES · In Brief · 26 Apr 2018

In its latest meeting this week, the Development Budget Coordination Committee (DBCC) announced a weaker outlook on the exchange rate for its planning horizon (by P1/$ to a range of P50-53/$ from P49-P52/$) that we think will have short term monetary policy implications. The DBCC is an inter-agen...

Turkey Conference Call: Snap Elections: The Good, The Bad, The Ugly and Everything in Between
TURKEY · Report · 25 Apr 2018

Will the early election in Turkey bring longer-term stability to the markets? What are the implications of an early consolidation of power by President Erdogan? A conference call featuring our Istanbul-based Local Partners, Atilla Yesilada and Murat Ucer, "Turkey's Snap Elections: The Good, the B...

MPC: Positive Surprise, Fuzzy Statement
TURKEY · In Brief · 25 Apr 2018

The Monetary Policy Committee hiked the Late Liquidity Window (LLW) rate by a somewhat higher than expected 75 bps, to 13.5%, leaving all other rates unchanged (see chart). Expectations were a bit all over the place before the meeting, but they had more or less (including our own, broadly speakin...

What we feared is starting to become reality
HUNGARY · In Brief · 24 Apr 2018

Well, it is still about a week to go until the EU Commission is coming forward with its 2021-2027 budget proposal, but there is already an increasing number of signals, including official remarks and leaks alike, which are giving away important parts of the story.Most recently, a Financial Times ...

​The dawn is pregnant with surprises
TURKEY · In Brief · 23 Apr 2018 · 1 response

A blizzard of alliance diplomacy among three opposition parties, which is already yielding fruit, brought to mind the famous phrase in the title, uttered by former PM and President Demirel. “The pregnancy” period may last until the weekend and might (not my most likely scenario) result in former ...

A shake up of unknown dimensions
MEXICO · In Brief · 23 Apr 2018 · 1 response

On Sunday night, the wonderful Palacio de Minería in Mexico City hosted the first of three debates in the presidential campaign. The five candidates had a magnificent opportunity to present and compare their proposals before the voters. As we noted in our brief last night, the debate was going to...

What to expect after the first month
CHILE · Report · 23 Apr 2018

Our reading of February’s Monthly Index of Economic Activity is positive, based on the fact that that the 3.6% seasonally adjusted 12-month variation of the IMACEC, excluding mining, was the largest since we’ve started using official data. Retail sales grew at a healthy rate in February, and the ...

Presidential polls likely to see few changes and other weekly topics
BRAZIL POLITICS · Report · 23 Apr 2018

Minister of Finance Eduardo Guardia is expected to present a proposal to President Michel Temer to simplify the PIS/Cofins. Technicians from the Civil House and Ministry of Labor discuss Labor Reform regulations; the provisional measure that made changes to the reform loses its validity on Monday...

Economics: Airport suddenly dominates the campaign
MEXICO · Report · 23 Apr 2018

The issue that has dominated Mexico’s presidential campaign in the past few days is that of the new Mexico City airport that is intended to serve as the country’s most important domestic and international hub. It became apparent decades ago that the current Mexico City airport was inadequate to m...

Monetary policy: Fiscal and external influences
BRAZIL ECONOMICS · Report · 23 Apr 2018

With inflation contained, expectations anchored and the long end of the yield curve not indicating any sign of eroded credibility of the Central Bank, the maintenance of the interest rate at low levels for an extended period depends mainly on the success of fiscal consolidation. The current gover...

Rough seas ahead
VENEZUELA · Report · 23 Apr 2018 · 1 response

The clear deterioration of the balance of payments augurs difficult days ahead. We update our foreign exchange cash flow projection for 2018 taking into account two significant pieces of information: lower than expected oil production and exports in the first quarter of 2018 and the resumption of...

MPC conveys a hawkish tone with rate hike forecast in Q418
ISRAEL · Report · 23 Apr 2018

The PMI was up 1.1 points in March to 54.7 on strong export growth. The BoI rate hold decision was expected, but we note a somewhat hawkish tone in the announcement. Zoom in: If inflation expectations spike this summer on higher year-over-year inflation, the possibility of early tightening ca...

How They Stand Ahead of Debate
MEXICO · In Brief · 22 Apr 2018

To date, the most significant take-away from opinion polls is that Andres Manuel Lopez Obrador (AMLO), presidential candidate of the coalition Together We Will Make History, is the frontrunner. While the polls differ significantly on how much of a lead AMLO enjoys (8 to 23 percentage points) over...

Sixty days of nail-biting suspense
TURKEY · Report · 22 Apr 2018

Our coverage of early elections scene starts by answering FAQs, such as whether Gul will run, the Good Party will be allowed to contest the race, and the mechanics of large-scale fraud. We then move on to the polls, which reveal AKP-MHP clinging to a narrowing lead in the parliamentary elections....

Election time is over, but the show goes on
HUNGARY · In Brief · 21 Apr 2018

Less than two weeks after the parliamentary election of April 8, the streets of Budapest saw the second big demonstration since the vote against the Fidesz government today. There were roughly 30k participants at todays's action and even more one week ago, which counts as quite a big crowd in Hun...

Copyright 2025 GlobalSource Partners. All rights reserved.