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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Turkey’s healthcare system has been fully reformed under the 2003-2013 Health Transformation Programme (HTP), expanding the coverage and quality of health services across the country. Healthcare has been among ...
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Automotive production in China improved in Q4 2019, increasing by 3.5% y/y to 7.6mn units. This is the first quarter that automotive output showed growth since the beginning of 2019, as market confidence recovered and automakers were again piling up ...
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In Q4 2019, the growth of China’s banking sector remained steady. The banks’ total assets reached RMB 290tn, rising by 8.1% y/y or 1.9% q/q. Meanwhile, the total assets of large commercial banks expanded rapidly by 18.7% y/y to RMB 116 ...
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The Thai government’s push on infrastructure development, particularly in the Bangkok Metropolitan Region (BMR) and in the Eastern Economic Corridor (EEC), has been a key growth driver in Thailand’s real-estate and construction sector in ...
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The Polish construction sector generated a gross value added (GVA) of PLN 148.1bn in 2018, accounting for 7% of GDP. As much as 38% of the construction output came from specialised construction activities. It was followed by construction of ...
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Thailand is the third-largest power producer and consumer in ASEAN, behind Indonesia and Vietnam. Although important, the contribution of the sector to the overall economy is small. The power sector accounted for 2.7% of nominal GDP and about 0.3% of ...
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Africa’s financial sector has undergone considerable growth for a decade in terms of depth, sophistication and regulation. However, the stages of financial development vary widely across countries and most have a long way to go to ...
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Brazil's power consumption accelerated slowly in 2017 and 2018, going hand in hand with the sluggish recovery of domestic economy. In addition, as of late 2019 businessmen and investors were still evaluating the commitment and ability of president ...
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In 2018, the Polish telecommunications sector was responsible for 1.9% of the country's GDP (vs. 2% in 2016), while the entire ICT sector accounted for 5.6% of GDP (vs. 4.9% in 2017) and employed around 220,000 people. The Polish telecom market is a ...
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India’s textile sector is the country’s oldest manufacturing industry. In FY2019, the GVA of textiles, apparel and leather product manufacturing accounted for 2.04% of total GVA, 7.07% of industrial GVA and 12.67% of manufacturing GVA. ...
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