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 is the world's largest agricultural economy, consuming and supplying more than half of the world's pork, and supplying one-third of its horticultural products, rice, and cotton and approximately 20% of the world's wheat, maize, and poultry. The ...
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The real estate sector - one of the key drivers of the Brazilian economy in the past decade - was not shielded from the deep recession in the country over the 2015-2016 period. It suffered from oversupply, lower demand, limited loan financing, ...
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According to the Philippines Statistics Authority (“PSA”), total household expenditures have been growing at a CAGR of 8.0% from 2012 to 2016, as economic growth in the Philippines has expanded strongly in recent years, increasing the ...
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In Q1 2017, the revenue of the ferrous metal smelting and pressing sector increased by 23.2% y/y to RMB 1.7bn. Steel prices remained high in the beginning of 2017, although slightly lower than those in the end of 2016, when they hit the highest level ...
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The manufacture of food, beverage and tobacco products in Romania accounted for 5.18% of the whole economy and 23.54% of the manufacturing sector in terms of gross value added in 2015. The market output of food and beverages reached RON 51.96bn in ...
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As the world’s second-largest economy, China relies heavily on coal to ensure the stable operation of its main industries, such as energy and steel. Rising energy consumption has already made China the world’s largest producer and ...
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The revenue of China’s paper sector in Q3 2017 amounted to RMB 403.4bn, up 10.4% y/y, thanks to increased paper and paper product sales and prices. The sales volume of machine-made paper and paperboard in the third quarter of 2017 rose by 7.2% ...
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Hungary’s food and beverage industry accounted for 4.6% of the total gross output and for 2.2% of the gross value added of the economy in 2016. The industry is a significant part of the manufacturing sector, accounting for 11.5% of its gross ...
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Russia’s healthcare and pharmaceutical sector was badly affected by the 2015-2016 recession, which resulted in a sharp drop in government spending, while the weak rouble and high inflation cut into households’ disposable incomes. Though ...
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In Q3 2017, the total passenger traffic, including airlines passenger traffic, highway passenger traffic, railway passenger traffic and waterway passenger traffic, dropped by 5% y/y to 4.7bn, due above all to a decrease in highway passenger traffic, ...
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