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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.
Valued at USD 49.5bn in 2024, Malaysia's construction sector employed 1.4mn people or 8% of the country's labour force. Aside from attracting foreign investments, the sector is a force multiplier fuelling economic growth. In 2023, the construction ...
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According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in the second quarter of 2024, the Brazilian retail sector experienced a mixed performance, with some positive trends being offset by challenges in certain areas. ...
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The food and beverage manufacturing sector is among the leading economic drivers in Mexico. As of September 2024, it accounted for 25.5% of total manufacturing output value and 5.2% of domestic GDP. By June 2024, total foreign direct investment (FDI) ...
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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, ...
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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% ...
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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 ...
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