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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.
Indonesia’s ICT sector claimed a share of 3.6% of the national GDP, or around IDR 449tn, in 2016, up from 3.5% in 2015. ICT is part of the more broadly defined Transportation, Communication and Information (“TCI”) sector, which ...
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The last few years have been tumultuous for Thailand, with political unrest, droughts, floods, and high household indebtedness threatening to derail the growth of the consumer goods and retail sector. Yet, the sector has continued to grow throughout ...
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Since 2010, Turkey has introduced several key reforms to liberalise the mining sector in an attempt to attract foreign players and support government efforts to develop the country’s significant mineral resources. Developing the mining industry ...
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Hungary is located at the crossroads of four major road, railway and inland waterway corridors that link Eastern, Western and Southern Europe. The country’s transportation sector accounts for around 5.1% of its GDP and close to 7% of total ...
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Chile has one of the most developed ICT sectors in Latin America, with a relatively modern infrastructure and above-average penetration rates. Additionally, in 2015 and 2016, Chile was the best-performing country in the region in the network ...
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The value added of Thailand’s transportation and communications sector stood at THB 1,030.7bn in 2016, growing 5.5% y/y from 2015. The sector recorded 44,672 transportation and storage enterprises that employed some 1.2 million people, or ...
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The coal mining sector accounts for just over 1% of Poland’s GDP, but it remains important for the labour market as it employs over 80,000 people. Admittedly, this number is far below that of nearly 160,000 when Poland joined the European Union ...
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The chemical industry as defined for the purpose of this report consists of the chemicals, rubber and plastics sectors. It is one of the vital parts of the Polish economy, as shown by these segments' combined sold production-to-GDP ratio at 7.4% in ...
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As a result of the policies introduced in 2016, China’s real estate sector has bottomed out, reviving its growth and continuing to offer opportunities to the investors – mainly, as before, in the first-tier cities of Shanghai, Shenzhen, ...
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Construction is the sixth-largest economic sector in India, accounting for 7.7% of the country’s GDP in FY2016. With a workforce of about 35mn people, it is also the second-biggest employer, preceded only by agriculture. Construction was the ...
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