Services

COUNTRY INSIGHTS

Monetary Policy: Smooth sailing ahead
BRAZIL ECONOMICS · Report · 15 Apr 2019

Despite the general acknowledgment that the recent inflation elevation is all due to passing shocks, the question has arisen: Will these shocks be incorporated into inflation expectations? Shocks that are absorbed into expectations become inflation expressions, but for this outcome the economic r...

Economics: Squaring the circle of Policy Guidelines
MEXICO · Report · 15 Apr 2019

The General Economic Policy Preliminary Guidelines for 2020 that the Ministry of Finance released at the beginning of April contain what we regard as generally realistic macroeconomic framework projections both for the remainder of 2019 and full-year 2020. The ministry lowered its estimate of ave...

Politics: Morena's challenges to the Judiciary
MEXICO · Report · 15 Apr 2019

President Andrés Manuel López Obrador and his party have been publicly critical of the judicial branch, even long before coming to power, including a series of public skirmishes over the salaries member of the judiciary are paid. Last week the government may have opened up another front in its as...

Finally, government has a budget
PHILIPPINES · In Brief · 15 Apr 2019

Hours after we wrote our last brief, reports say that the President has finally ratified the 2019 General Appropriations Act. He did what many thought was the appropriate thing to do, i.e., vetoed items that were not part of government's priorities. The vetoed programs/projects, reportedly public...

Shekel appreciation likely to postpone tightening
ISRAEL · Report · 15 Apr 2019

The shekel has appreciated by 4.8% YTD (against the basket), supportive of rate stability. Israeli institutions sold nearly 3bn USD in January-February, reversing their previous buying trend. Shekel appreciation and a rather dovish BoI Governor are likely to keep rates unchanged this year. Implic...

Still no budget for 2019
PHILIPPINES · In Brief · 15 Apr 2019

The suspense continues. After much wrangling in congress that resulted in the Senate transmitting the enrolled bill with “strong reservations” to Malacanang only in late March, the proposed 2019 budget remains unsigned to date. At this point, the choices before President Rodrigo Duterte are to: (...

At the shores of Rubicon
TURKEY · Report · 14 Apr 2019

It will take a week or two to find out who the victor is in Istanbul’s hotly-contested and contentious mayoral race, as AKP devised a convoluted appeals scheme. At the end, it comes down to what President Erdogan truly wants and how much independence the supreme electoral body, the High Election ...

Russian Government plan to increase non-fuel exports
RUSSIA / FSU POLITICS · In Brief · 13 Apr 2019

Finance Minister Siluanov visited the Samsung Electronics Plant in Kaluga Region on April 12. His mission was to assess how the national project for the development of exports is progressing. This plan excludes hydrocarbons since Russia has no difficulty selling those. He was there with bureaucra...

Struggling with stagflation
ARGENTINA · Report · 12 Apr 2019

Macri´s political outlook into the October elections continues to face the challenge of overcoming adverse economic indicators. This is taking place despite the financial support of the IMF, whose USD 10.8bn tranche reached the BCRA reserves this week. The combination of very high inflation and a...

The financialization of the Chinese economy
CHINA ADVISORY · Report · 12 Apr 2019

The U.S. financial crisis was caused by the excessive “financialization” of the economy. Loans flowing to the residential property market were expanded into derivative products on Wall Street, sold to investors as securities, and funded primarily through short-term sources. The result was a matur...

Overthrow of Sudanese President is bad news for Russia
RUSSIA / FSU POLITICS · In Brief · 12 Apr 2019

On April 11 the Sudanese Army ousted President Omar Bashir. This military coup is unwelcome news in Moscow because Russia had a good relationship with Bashir. Bashir was one of the few Arab leaders never to have withdrawn recognition from the Assad Government in Syria. He even visited Syria last ...

Navigating amid icebergs
PERU · Forecast · 11 Apr 2019

We expect more modest growth in Q1, after a robust Q4 2018. Nor does Q2 look very promising, especially should the blockade of the road impeding Las Bambas mega copper mine operations persist. Las Bambas represents 20% of Peruvian copper production, and its paralysis could affect 1% of monthly GD...

Reviving South Africa’s governance institutions in the face of political headwinds
SOUTH AFRICA · Report · 11 Apr 2019

There is a myriad of challenges facing President Ramaphosa in the lead-up to the May general elections, both as president of the country and even more as president of the governing political party, the African National Congress (ANC). The infighting within the ANC, well documented in our previous...

Fresh Polls: Zelenskiy Leads
UKRAINE · In Brief · 11 Apr 2019

GB: Brexit is the greatest prank of the decade! UA: Hold my beer Yesterday journalists and bloggers close to President Poroshenko sadly discussed in social media fresh polls from Razumkov Center. The official release of the numbers is expected to be today. However, since the info leaked through p...

Ex-president Pedro Pablo Kuczynski jailed
PERU · In Brief · 10 Apr 2019

Today a judge ordered the preliminary detention of the ex-president for a 10-day period after a prosecutor began investigating him on money laundering charges related to the financial services that his Miami based firm performed in two infrastructure projects (the Interoceanic Highway and the Olm...

Copyright 2025 GlobalSource Partners. All rights reserved.