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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.
China food sector’s revenue grew by 16.2% y/y to RMB 472bn in the third quarter of 2019, as a result of the increase in sales and prices of some major foods. In the first nine months of 2019, the price of meat increased by 15.1% y/y. In ...
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The automotive production in China slumped by 17.6% y/y in Q2 2019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q2 2019, China produced 5.8mn cars compared to 7.03 mn in the same quarter of the previous ...
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Russia’s commoditised economic model predefines the pivotal role the mining sector plays in the country’s development. The sector generates 12.6% of Russia’s nominal GDP and earns 62% of total exports, which makes ...
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The real estate and construction sector generates 15% of Russia’s GDP and employs some 12% of the country’s workforce, making it a key economic sector. According to MarketLine estimates, Russia’s real estate ...
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The Philippine manufacturing sector contributed approximately 23% of the country’s GDP as of Q3 2019 – and grew by 2.3% y/y in the first three quarters of 2019. The Philippines’ rapidly growing food and beverage ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is solvent and highly integrated with the global economy. The banking industry has managed to increase its penetration and expand its operations ...
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The ICT sector in Russia generates slightly over 2% of the country’s GDP, with revenues from communications totalling RUB 1.9tn in 2019. Being one of the largest countries geographically and with a population of ...
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Food and beverage manufacturing is among the leading economic sectors in Mexico. In 2019, it accounted for 21% of total manufacturing output value and 4.5% of domestic GDP. The sector attracted USD 2.5bn in foreign ...
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Following the heavy toll the COVID-19 pandemic took on Chinese economy in early 2020, the situation improved in Q2 when market players managed to adjust to a new economic and market reality. The performance of ...
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Crude steel production recorded a major q/q decline of 37.2% in Q1 FY2021 as compared to a decline of 1.2% in the previous quarter. The production of steelmaker Rashtriya Ispat Nigam Ltd declined the most, by 53.5% q/q ...
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