INDIA: Modi escapes the blame – for now

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The recent resignation of two elected opposition (Congress I) lawmakers from their positions in the Gujarat provincial legislative assembly and their subsequent defection to the ruling Bharatiya Janata Party (BJP) would not normally have caused political waves.

ARGENTINA: The Week at a Glance

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In Argentina, the feeling is that we hit rock bottom in April. Cement production, CAME’s sales, new vehicle registrations, Debits and Credits Tax revenue, and the recent PMI made by UADE all show better results in May than in April. The ongoing quarantine poses some limitations on activity improving during the coming weeks, but anyhow we expect the trend to stay positive.