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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.
The coal mining sector accounted for around 1% of both Poland's GDP and the total employment in the country in 2017. The sector's importance for the Polish economy - tremendous during the communist regime and in the first years after the start of ...
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In 2018, motor vehicle output and sales in Brazil rose for a second consecutive year, after a prolonged period of contraction. Acceleration in domestic demand stemming from greater consumer and business confidence, as well as record-low borrowing ...
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Mexico is the second largest economy in Latin America in terms of nominal GDP, and thereby a key consumer market in the region, with a population of over 123.4mn people as of December 2017. Over the period 2012-2017, the retail trade sector performed ...
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Colombia ranked sixth in terms of power generation in Latin America in 2017, accounting for 4.6% of total regional output during the period. Hydropower is by far the leading electric energy source in the country with a share of 69.6% of total ...
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In 2017, amidst a buoyant economic growth - 6.9% real GDP growth, amongst the highest in EU28 – the construction output started recovering from the 2016 decrease and was up by 3.8% y/y to RON 70.2bn or EUR 15.4bn. Construction gross value added ...
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Brazil is the world’s second largest producer of ethanol and biodiesel, and a pioneer in developing biofuels as an economically viable alternative to fossil fuels. The main biofuels in the country are sugarcane ethanol – comprising ...
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The Malaysian insurance sector is unique in the ASEAN region as takaful operators – which provide insurance consistent with shariah principles – compete directly with conventional insurers in the market. Despite the relatively high level ...
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The combined production value of the Polish chemical sector, which for the purposes of this report shall consist of the chemicals, and the rubber and plastics subsectors, stood at PLN 158.5bn in 2017, up 11.95% y/y. The share of the sector’s ...
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Indonesia’s retail sector plays an important role in the country’s economy. It generated 10% of the gross domestic product (GDP) and provided employment to nearly a fifth of the country’s workforce in 2018. Household consumption has ...
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Investment in China’s real estate sector accelerated in the third quarter of 2018. The value of investment reached RMB 3,131bn, which represented a growth of 10.3% compared to that in the same quarter of the previous year. Investment in the ...
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