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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.
In 2023, the global machinery and equipment sector expanded by 7.6%, driven by infrastructure projects and the demand for industrial, construction and agricultural machinery amid pressures from inflation and supply chain constraints. Key trends ...
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Africa's telecommunications industry has expanded rapidly in recent years, driven primarily by the mobile services segment. The number of mobile cellular subscribers in Africa more than doubled over the past decade rising at a compound annual growth ...
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With PLN 218.1bn of assets and PLN 78.9bn of premiums in 2023, the Polish insurance market is the largest in Central and Eastern Europe (CEE). However, it remains far less saturated than in Western European countries. According to estimates by the ...
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Over 2022-2024, EU members' joint efforts have been focused on saving energy, diversifying sources of energy, reducing the share of Russia in the region's energy imports and increasing production of renewable energy, all objectives envisaged by the ...
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Poland is a major producer and exporter of agricultural products in the EU. The agribusiness industry accounted for 2.7% of the country's GDP in 2023. The export market plays a key role in the development of the Polish agribusiness industry, with the ...
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The infrastructure sector is central to the Middle East and North Africa's (MENA) economic development and diversification strategies, playing a pivotal role in shaping the region's long-term growth prospects. Oil countries across the region are ...
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Colombia ranks highly in Latin America's electric power market due to its sizeable population and large hydropower resources. However, the reliance of its economy on fossil fuels and limited manufacturing hold it back from being a regional powerhouse ...
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China's healthcare system is hospital-centric, and most of the inpatient and outpatient care in the country is delivered by public hospitals and basic medical institutions. On the other hand, due to the growing demand for specialised healthcare and ...
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The construction sector, characterised by its extensive supply chain and substantial investments, is regarded as one of the pillars of China's economy. In recent years, the slowing pace of macroeconomic growth in China has underscored the increasing ...
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Vietnam's mineral potential is relatively diverse, with minerals and natural resources including oil and gas, coal, titanium, bauxite, copper, gold, rare earth minerals and iron. In 2023, the GDP contribution of Vietnam's mining and quarrying ...
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