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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 development of electrical and electronics manufacturing has been key to Malaysia’s transition from an agricultural to a manufacturing-based economy, and the consumer electronics sector has been an important driver of that ...
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The Indian steel industry contributes around 2% of the country GDP and employs some 500,000 people directly and about 2mn indirectly. The Indian government sees the steel sector as strategically important and as a foundation for rapid ...
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With a population of nearly 147mn people, Russia ranks the ninth most populous country and the largest by territory in the world. That alongside Russia’s favourable geographic position and the wealth of natural resources predetermine ...
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In 2017, China’s automotive sector showed signs of entering a maturity phase. The output and sales declined in the last quarter and large deals took place towards the end of the year, showing further sector restructuring and consolidation. At ...
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India has one of the largest chemical sectors in the world by production volumes, and growth is expected to accelerate given the country’s increasing development. The chemicals sector plays an important role in the Indian economy, ...
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Hungarian agriculture accounted for 2.1% of the EU’s agricultural output in 2016, up by 0.2 pp y/y. The agricultural sector accounted for 3.8% of the country’s total GDP and for 4.4% of the total gross value added (GVA). GVA ...
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Despite ranking among the ten largest global economies and being responsible for more than half of South America’s GDP in 2016, according to October 2017 estimates by the IMF, Brazil has the most inadequate infrastructure of the ...
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Brazil is among the global leaders in renewable energy and a pioneer in developing biofuels as an economically viable alternative to fossil fuels. Notably, in 2016, 26.8% of the fuels consumed in the country were renewable. The main ...
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The agriculture sector plays an important role in Russia’s economy, generating nearly 4% of the country’s GDP, employing 9% of the total workforce and accounting for 6% of the total exports. Over the past 15 years, Russia ...
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The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, while the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector ...
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