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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.
The COVID-19 pandemic and the related quarantine measures decreased the GVA of the trade sector in Brazil by 3.1% y/y in 2020. An additional negative impact came from the depreciation of the national currency by 23.6% ...
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The transport sector is an essential link to economic growth as it facilitates movement of goods across the supply chain i.e. right from upstream (raw material) to downstream (finished goods). Thus, the development and modernisation of ...
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The COVID-19 pandemic severely impacted economic growth as is evident from the 6.1% contraction in GDP reported by the Thai economy in 2020. The banking sector was impacted with profits falling by 46.0% y/y in 2020 as the sector resorted to ...
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Thailand has developed a modern consumer goods and retail sector rapidly over the past few decades, in tandem with the country’s explosive economic growth. Thailand’s middle-class and affluent consumer base continues to increase ...
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The transportation sector accounted for 3.1% of the national GDP in 2020. The main sector performance indicators showed an y/y decrease in 2020 due to the negative COVID-19 pandemic impact. An exception to this were postal and courier ...
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Malaysia’s power market consists of three geographical submarkets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the main utility provider in Peninsular Malaysia, and ...
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Over the past decade, China has been heavily investing in developing its renewable energy (RE) resources as part of the government's pledge to reduce its carbon footprint and meet more of its rapidly electricity needs with clean energy ...
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Colombia is the fifth largest economy in Latin America in terms of nominal GDP, and the third largest in the region by population, with 50.9mn people as of December 2020. During 2015–2020, the wholesale, retail and repair sector ...
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The African consumer goods and retail sector has recently been gaining traction in the investor world, albeit at a slow pace. To date, the sector is dominated by informal retailers, with formal retailing accounting for a mere 10%, according to ...
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Driven by a large population and steadily increasing incomes, the Polish retail sector has been one of the most dynamic in the EU, as retail sales reached 40% of GDP in 2019. The COVID-19 pandemic in 2020 resulted in a 2.6% y/y decline in ...
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