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.
Agriculture is one of the key economic sectors of Mexico, accounting for 3.3% of the country’s GDP, 12.7% of formal employment and 4.3% of national exports in 2018. During the year, it was also one of the driving forces of the Mexican economy, ...View more details
Total household expenditures in Malaysia have been growing at a CAGR of 9.4% from 2014 to 2018, reflecting a still-growing consumer goods and retail sector despite a turbulent political environment that saw Malaysia’s first change of government ...View more details
Argentina is recognised worldwide as one of the major producers and exporters of food and beverages, ranking among the ten biggest producers of vegetable oils, soybean by-products, pasta and wine on a global scale. The food and beverage sector plays ...View more details
Hungarian agricultural output amounted to HUF 2,594.7bn in 2017, up by 0.3% y/y. In volume terms the output shrank by 4.1% y/y, as unfavourable weather conditions affected crop production, which made up 58% of the sector’s overall output value ...View more details
Physical retail in Thailand is still growing, in contrast to the situation in many developed countries, which has triggered ruminations about a possible “retail apocalypse.” Thailand remains a growing, upper-middle income country, and ...View more details
Generating some 14% of Russia’s GDP and employing over 13mn people, the retail sector is a significant driver of the country’s economy. In 2018, retail trade turnover increased by 6.2% y/y in value terms and by 2.8% y/y in ...View more details
In Q2 2019, insurance remained one of the few industries to enjoy dynamic development in China amid an overall economic slowdown. The total premium income of the sector rose by 11.2% y/y to RMB 921.5bn during the quarter, of which ...View more details
Brazil ranked third globally in 2018 in terms of installed capacity from renewable energy sources, after only China and the United States. It is first by installed biomass capacity, second in terms of hydropower capacity, and eighth regarding wind ...View more details
The mining industry is of strategic importance to the Russian economy, contributing about 12% to the GDP, providing jobs to 1.1mn people and contributing a third to government revenues. Since Russia hosts one of the world’s largest ...View more details
Romania is EU’s third largest natural gas and the fifth largest crude oil producer. The crude oil and natural gas production value came in at RON 17.8bn in 2018, or 19% of the country’s GDP at current prices. The sector provided ...View more details