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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.
Thailand’s government has identified infrastructure building as a crucial activity to drive economic development. Thailand is building considerable public transport infrastructure within the Bangkok Metropolitan Region* to relieve the ...
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In FY2019, the main growth driver of the Indian motor vehicle industry was a solid increase of domestic demand, which grew at a CAGR of 8.7% between FY2016 and FY2019. Domestic demand accounted for an average 85.6% of total output during ...
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According to data from the National Burau of Statistics, in Q1 2021, the total added value of China’s construction industry was RMB 1.2bn, up 22.8% y/y. The total value-added output accounted for 4.4% of the nation’s GDP during ...
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Although COVID-19 has brought unprecedented challenges to the market and the overall economy, it has also proven the resilience of China’s economy, supported by the government’s strategy to benefit by the country’s large ...
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In Q1 2021, China’s chemical sector presented superb performance, significantly expanding both demand and supply. On the demand side, the sales revenue of the sector ascended by 39.7% y/y to RMB 1,761bn. Compared to Q1 2019 (before ...
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In Q1 2021, the automotive sector in China witnessed strong growth in terms of production and sales compared to the same period of 2020 when COVID-19 had a huge negative impact on the sector. The automotive production in Q1 2021 increased ...
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In the first quarter of 2021, air passenger traffic soared by 37.6% y/y to 102mn persons, thanks to a jump in demand for domestic transport. The domestic passenger traffic in Q1 2021 surged by 54.1% to 101.6mn persons. The ...
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The agricultural sector is the largest employer in Indonesia and a main driver of growth for the economy. The sector provided employment of nearly 30% of the country’s workforce and generated almost 14% of its GDP in 2020. The ...
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Chile is a relatively small economy, having the fifth largest GDP in Latin America in 2020. However, its retail sector is well developed, mature and sophisticated, and in many aspects on a par with those of developed countries. In 2020, the ...
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Mexico has the second largest installed capacity for renewable energy in Latin America, trailing only Mexico. With 28.4 GW of total installations, renewable energy sources account for about a third of Mexico’s ...
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