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.
After poor financial and operating performance in the 2015-2017 period, Brazil’s ICT sector returned to a growth path in 2018. Apart from an uptick in economic activity and an improving job market, the sector was favoured by continued robust ...
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As the world’s most populous country with a fast-expanding economy, China is a major energy consumer. The country was the second-largest consumer of crude oil and the third biggest consumer of natural gas in 2017. China is also a significant ...
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Mexico’s construction sector had a lacklustre performance over the period 2012-2017, with its GVA rising at a CAGR of 0.9%. Among the main impediments to the sector’s growth was a change of government policy on housing development in 2013 ...
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Brazil has the world’s sixth largest chemical sector, with estimated net revenues of USD 127.9bn in 2018. Compared to 2017, industry turnover rose by 5.4% y/y, supported by an uptick in activity of the major industrial consumers, upward price ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 4.6% of total GDP, 24.2% of total export value, and 3.8% of total employment in 2017. The favourable weather conditions during the year ...
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India has abundant mineral resources and is a leading global producer of many minerals. In 2017, the country ranked as the world’s fifth-largest iron ore, fourth-largest coal, and third-largest chromium producer. The country also occupies ...
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The mining sector plays a key role in the Brazilian economy, accounting for 13% of the total export value and for 2.4% of the net FDI equity capital inflow in 2017. After two years of recession in the country – marked by a double dip in GDP ...
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China’s environmental protection sector remained on its expansion track in 2017. The country invested RMB 8,211bn in fixed assets for water conservancy, environment and utility management in 2017, representing an increase of 19.6% y/y and ...
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The Philippines banking sector remains in a nascent stage of development, and most Filipinos tend to engage in financial activities using less formal channels such as pawnshops. Nonetheless, the banking sector has been expanding its services to ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is deep, solvent and highly integrated with the global economy. After two years of deceleration, banking activity has started to gain pace since the second ...
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