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, Brazil's construction industry navigated through a challenging period, facing hurdles that led to a contraction of its gross value added (GVA) despite initial projections that it would grow. Factors such as high interest rates and delays to ...
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In 2023, India faced a significant surge in food inflation, with notable spikes in essential items like tomatoes and onions, pushing the y/y food inflation rate to a three-year high of 11.5% in July. Meanwhile, the Indian spirits industry exhibited a ...
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India's pharmaceutical and healthcare sector is world-renowned. India is known as the "pharmacy of the world" due to its prolific output of generic medicines and vaccines; in particular, the Indian vaccine producer, Serum Institute of India, played a ...
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The oil and gas sector is one of the eight core industries in India, a vital component of the energy mix with a ~1/3 contribution, making it a key enabler of economic growth. In 2022, crude oil and natural gas sectors had a share of 27.0% and 5.8%, ...
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Underpinned by Vietnam's sizeable population, expanding middle class and quickly growing economy, the domestic consumer goods and retails sector enjoys rapid growth and thus creates increasingly attractive opportunities for international retail ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the second-biggest market in the region. The strength of the industry lies in the long-standing presence of Japanese motor vehicle manufacturers, which have achieved a ...
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Latin America completed its third consecutive year of recovery in terms of crude oil production during 2023. The region had been on a long decaying trend since the end of the commodities boom cycle in 2014, which, aggravated by the COVID-19 pandemic, ...
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