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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 extraction of oil and gas is one of Argentina’s main economic sectors, accounting for 2.3% of GDP and 2.1% of exports in 2018, as well as 0.9% of total employment at the end of that year. Since 2011 the country has continually moved further ...
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China is the world’s second largest pharmaceutical market after the US and the largest producer and exporter of active pharmaceutical ingredients (APIs) globally. Since it is the world’s most populous country, with a large share of ageing ...
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The economy’s return to growth provided a strong impetus to the Russian healthcare sector in 2017. Healthcare expenditure grew by a robust 22% y/y, when measured in US dollar terms, the first increase in many years. However, at USD 92bn in 2017 ...
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Colombia is the fourth largest economy in Latin America in terms of nominal GDP, and the third largest in the region by population, with 49.8mn people as of December 2018. Over the period 2013-2018, the wholesale, retail & repair sector performed ...
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India’s textile sector is the country’s oldest manufacturing industry. Textiles and apparel contributed 2.1% of India’s GDP, 12.65% of its manufacturing, and 12% of its exports in FY2018. Textiles is second only to agriculture in ...
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With 1.4bn population each as of 2017, India and China are the most numerous countries out of the six forming the focus of this report. However, the two countries differ widely in terms of per capita GDP, with that of China being more than twice that ...
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In 2018, written premiums in Colombia rose by 4.9% nominally, 1.7% y/y in real terms, its lowest growth rate since 2013. At the same time, the rise of the value of written premiums for 2018 was estimated at about 2% in real terms globally, according ...
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Between 2014 and 2016, Brazil went through one of the biggest economic crises of its history, recovering only in 2017, gradually growing at an average rate of 1.1% between 2017 and H1 2018. The infrastructure sector was hit particularly hard by the ...
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As the negative impact from the life product restructuring continued to diminish, China’s insurance sector reported a stronger growth during Q4 2018. Total insurance premiums reached RMB 735.5bn in Q4, registering a y/y increase of 20.1%, about ...
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As the negative impact from the life product restructuring continued to diminish, China’s insurance sector reported a stronger growth during Q4 2018. Total insurance premiums reached RMB 735.5bn in Q4, registering a y/y increase of 20.1%, about ...
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