Services

COUNTRY INSIGHTS

The business sector is increasingly pessimistic
ISRAEL · Report · 08 May 2023

1. The Business Tendency Survey reflects growing pessimism in the coming months. 2. Headline GDP growth in Q123 is likely to be weak. 3. Markets will await the S&P rating report regarding Israel’s outlook on Friday; the stable outlook is likely to be maintained.

The business sector is increasingly pessimistic
ISRAEL · In Brief · 07 May 2023

The business sector is increasingly pessimistic The Business Tendency Survey reflects fairly steady growth in April, but the expectations three months ahead declined sharply to reflect basically no growth. The expectations for employment also declined. The high-tech service sector is expecting a ...

Russia evacuating nuclear power station area in Ukraine
RUSSIA / FSU POLITICS · In Brief · 07 May 2023

On May 6 authorities in the Russian-occupied district of Ukraine ordered thousands of civilians to evacuate. The Russian-appointed administration announced that over 1,500 have been evacuated already. The region contains the largest nuclear power station in Europe. The International Atomic Energy...

Alea iacta est
TURKEY · Report · 07 May 2023 · 1 response

The politics author admits his essays contain little new information except a modest revision to his scenarios for the Grand Assembly. In brief, he expects the opposition candidate Kemal Kilicdaroglu to declare victory in the second round, with an uneasy coalition of the Nation and Green-Left All...

Hypersonic missile downed for the first time, early signs of unfolding counter-offensive
UKRAINE · In Brief · 06 May 2023

Today, we received official confirmation of a groundbreaking development: for the first time since the full-scale invasion began, Ukraine's air defense successfully intercepted and destroyed a Russian Kinzhal hypersonic missile. Russia possesses only a limited number of these hypersonic missiles ...

Wagner Group withdrawing from Bakhmut
RUSSIA / FSU POLITICS · In Brief · 06 May 2023

On May Wagner owner Yevgeny Prigozhin said that his organization will withdraw its men from the Ukrainian city on May 10. He blamed a severe shortage of munitions, which he said had led to unnecessarily high losses. He publicly ranted a week ago that those who decided not to furnish Wagner with s...

Weak industry and retail sales data reported for March
HUNGARY · In Brief · 05 May 2023

Industrial output, on seasonally adjusted basis, rose by 0.2% mom and fell by 3.8% yoy in March. This also meant a 3.8% yoy reduction of the production volume in Q1. The following chart shows the monthly development of the relationship between output, the EURHUF exchange rate and producer prices,...

GULF WEEKLY: Oil slips further, rates hiked, PMIs show strong non-oil growth, Kuwait sets election date
GULF COUNTRIES · Report · 05 May 2023

A skimmable summary overlaid with our analysis and links. Headlines: * Brent crude is down about -$5 this week to $75 and touched a mid-week low of $71. * All Gulf states except Kuwait mirrored the Fed’s 25bp rate hike. * The IMF sharply lifted its fiscal breakeven oil price forecasts for Sa...

Webinar replay: Sub-Saharan Africa - A region poised for growth
NIGERIA · Report · 05 May 2023 · 1 response

With Sub-Saharan Africa's economic and political landscape changing and developing, get insight into the region's macro outlook and a closer look at Nigeria, Ghana, Angola, Kenya, and Zambia's economies and politics. Visit our calendar page to watch the replay of our webinar featuring Kingsley M...

The government discusses the loyalty of its governing coalition, Lula has not yet appointed the new directors of the Central Bank, and the rapporteur of the fiscal framework should submit his report next week
BRAZIL POLITICS · Report · 05 May 2023

President Lula will meet with grassroots parties, especially the MDB, União Brasil, PSB, and PSD to discuss their loyalty. These parties mostly voted against the government on the legal framework for the sanitation sector. Regarding the sanitation issue, the government is even considering issuing...

Bi-Weekly Economic News Summary
KAZAKHSTAN · In Brief · 05 May 2023

Apr 21 KTZ: The company, the Russian Railways Logistics, and the Transport and Logistics Center of Turkmenistan signed a memorandum on the establishment of a JV for the development of the North-South corridor Samruk-Energo: The shortage of electric power in Kazakhstan by 2029 will reach 3 GW Apr ...

April inflation below expectations
PHILIPPINES · In Brief · 05 May 2023

Food prices continued to fall for the third straight month, pulling down the headline inflation rate from a peak of 8.7% in January to 6.6% in April. As in February and March, April inflation was below analysts’ 7% median forecast. Aside from food prices, which partly reflects seasonal factors (e...

Unprecedented
VENEZUELA · In Brief · 04 May 2023

On May 1, 2023 the Maduro government chose to increase the legal minimum income by raising the food bonus, adjusting the amounts of the bonus called Bono Contra la Guerra Económica (Bonus Against the Economic War, BCGE) paid to public employees, retirees and pensioners, and formalizing the indexa...

Reforms to increase judicial independence has been approved by parliament, but implications on the availability of EU grants remain unclear
HUNGARY · In Brief · 04 May 2023

The National Assembly approved the government's reform package to increase the independence of courts yesterday, as required by the EU Commission for Hungary to gain access to a big part of its currently blocked development grant quotas from the EU. This came after a long series of detailed talks...

Amid intensifying headwinds, load shedding remains the major drag on South Africa’s economy
SOUTH AFRICA · Forecast · 04 May 2023

• South African growth: In 2022, South Africa’s economy slowed markedly from 2021’s robust recovery. This took place alongside a broader moderation in growth globally and an overall decline in commodity prices, which had played an important role in the country’s growth in 2021. Most notably thoug...

Copyright 2025 GlobalSource Partners. All rights reserved.