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.
Colombia's economy is on a gradual recovery path, with real GDP growth expected to reach 2% in 2024 and 2.8% in 2025, according to BBVA Research estimations. Inflation is forecast to decline, reaching 5.2% in December 2024 and 3.8% by December 2025, ...
View more details
In H1 2024, the food and beverages sector's GVA contracted by 3.8% y/y. This was due to the reduced performance of certain segments, such as oils and fats (-11.3% y/y), dairy products (-6.3% y/y), bakery products (-8.4% y/y), sugar and panela (-7.9% ...
View more details
Turkiye's infrastructure sector has witnessed remarkable growth over the past decade, driven by sustained government focus and substantial budget allocations aimed at modernising the country's transport and energy networks. Notable achievements ...
View more details
Aiming to accelerate industrial transformation and achieve carbon neutrality, the Chinese government has been actively encouraging the development of the new energy vehicle (NEV) industry. As a result, China has witnessed surges in the production and ...
View more details
The Central Europe region, as covered by the scope of this report, consists of Poland, Romania, the Czech Republic, Hungary, Slovakia and Croatia. All of these countries are strategically important to transportation in the region, to a varying extent ...
View more details
In the first three quarters of 2024, China's total retail sales rose by 3.3% y/y to RMB 35,356bn, indicating the steady growth of the country's consumption market. Due to the crucial role of consumption in the economy, the Chinese government laid ...
View more details
Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 27.1bn for the 12 months ending in June 2022. Brazil's pharmaceutical and healthcare sectors are transitioning into the post-pandemic period with some ...
View more details
The infrastructure sector remains a key pillar of Poland's economy, with the government prioritising it as essential for the country's economic development, improving living standards and ensuring long-term sustainability. Infrastructure investments ...
View more details
Thailand is renowned as one of the world's top tourist destinations, with its tourism sector playing a vital role in the country's economic and social development. Contributing approximately 20% of Thailand's GDP and employing 21% of the workforce, ...
View more details
Indonesia's abundant mineral resources have positioned the country as a key global player. It is the world's leading producer of thermal coal and the second largest exporter of tin. The country is also a major source of critical minerals such as ...
View more details