GlobalSource Partners | Country Insights

What are the factors behind Mexico's ongoing economic slowdown? Can a strong peso endure? Will there be a satisfactory ending to free trade and foreign investment in Mexico? Those are a few of the questions we attempt to answer in this week’s Economic Outlook as we summarize our macroeconomic fra...

Bolsonaro held a rally yesterday, the government continues to discuss alternatives to the IOF, and the government will launch the Sustainable Car program this week

BRAZIL POLITICS · Report · 30 Jun 2025

Yesterday, former President Jair Bolsonaro held a rally in São Paulo in support of an amnesty bill. The crowd, estimated between 16,000 and 17,000 people, was one of the smallest turnouts at an event organized by the former president. In the coming days, the government may decide what measures to...

June economic updates and some insights into the performance of Polish manufacturing

POLAND · Report · 30 Jun 2025

Poland’s economy in mid-2025 is walking a fine line: inflation is cooling but remains sticky, public investment is accelerating even as private capital lags, and manufacturing is showing faint signs of recovery despite mixed sentiment and faltering export demand. In this report, we look at the la...

Desperate for any minor win, Putin escalates terror tactics

UKRAINE · Report · 30 Jun 2025

While peace talks lead nowhere, we’ve shifted our attention back to the front lines—where developments on the ground have a real impact in deterring Russian aggression, unlike the endless cycle of negotiations. As of this writing, reported Russian losses in Ukraine have exceeded 1 million kill...

Chile's presidential primaries: the specter of Communism

CHILE · In Brief · 29 Jun 2025

In the introduction to the Communist Manifesto, Karl Marx announced that “a spectre is haunting Europe”. Marx had designed Communism to be a threat to the established order, and by the time he wrote his treatise, the established order was worried. Because early Communism stuck to its revolutionar...

Budapest Pride march took place without problems on June 28

HUNGARY · In Brief · 29 Jun 2025 · 1 response

On Saturday, June 28, the annual Pride March of the LGBTQ community took place in Budapest, despite the government's express will and a previously announced police ban on the event. The march attracted between 50-100k participants, making the event the biggest Pride ever, and the second largest s...

A historic week in Turkish politics

TURKEY · Report · 29 Jun 2025 · 1 response

It is cliché, but this is going to be a truly historic week in Turkish politics. On Monday (June 30), an Ankara court will hear arguments from plaintiffs and defendants on whether there was fraud in CHP’s next-to-last grand convention, when Ozgur Ozel replaced Kemal Kilicdaroglu. In bad-case s...

Government downscales growth targets

PHILIPPINES · In Brief · 28 Jun 2025

The Philippine Government, through the Development Budget Coordination Committee (DBCC) a few days ago, reviewed and updated its medium-term macroeconomic assumptions, growth targets and fiscal program for this year and the next two years 2026 and 2027. Given the increased uncertainties and recen...

Gunning for a risk-adjusted Israel-Iran war scenario

PHILIPPINES · In Brief · 28 Jun 2025

Based on the recent assessment by his economic team, Philippine President Ferdinand Marcos Jr was reported to have “downplayed” the expected fallout from the Israel-Iran ballistic war compounded by the US bombing of three nuclear facilities in Iran. Manageable, he said, and “so far, there is no s...

Kazakhstan macro: inflation to decelerate slowly as economy remains overheated

KAZAKHSTAN · Report · 27 Jun 2025

Despite various challenges, the Kazakh economy has been performing well in recent years, and 2025 is expected to be another good year as economic growth is reportedly accelerating. Growth remains uneven, but strengthening of the services sector is an important trait of the Kazakh economy. The cou...

GULF WEEKLY: Oil drops and equities rebound as Iran war ends, Oman finalizes personal income tax, Kuwait moves towards bond issuance

GULF COUNTRIES · Report · 27 Jun 2025

A skimmable summary overlaid with our analysis and links. Headlines: * Qatar intercepted Iranian missiles and then helped mediate a ceasefire with the US and Israel. * This followed a US strike on Iranian nuclear sites, which caused severe damage. * Trump says there will be renewed nuclear t...

Webinar replay - India’s role in a reconfigured global economy

INDIA · Report · 27 Jun 2025

Can India seize upon the opportunities created by global trade reconfiguration? How will technological developments like AI impact Indian GCCs and services? How will the domestic economic policy environment impact India's outlook? Watch the replay of webinar featuring Economist Dr. Ajay Shah d...

Bracing for impact

CENTRAL AMERICA · Report · 27 Jun 2025

Costa Rica’s economic activity continues along the path set in our short-term economic outlook (see our report of April 2025), although deceleration now looks more pronounced. To face the effects of the current international turmoil charged with lots of uncertainty, we expect the government to ma...

The government is looking for alternatives to the IOF tax increase, Haddad will give an interview on this topic, and the STF will hold a public hearing on mandatory congressional earmarks

BRAZIL POLITICS · Report · 27 Jun 2025

The government is currently evaluating alternatives following Congress’s decision to overturn the IOF tax increase. According to Finance Minister Fernando Haddad, there are three possible paths: identifying new sources of revenue, challenging the overturning of the decree before the Supreme Feder...

Topic of the week - 2Q25 CCA Slide deck

CAUCASUS / CENTRAL ASIA · Report · 27 Jun 2025

The quarterly slide deck for the Caucasus and Central Asia is a 208-slide detailed description of the economic status-quo in Armenia, Azerbaijan, Georgia, Uzbekistan, Tajikistan and Kyrgyzstan as of the second quarter of the year. It covers various topics, including growth, economic structure, in...