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 Thai government’s push on infrastructure development, particularly in the Bangkok Metropolitan Region (BMR) and in the Eastern Economic Corridor (EEC), has been a key growth driver in Thailand’s real-estate and construction sector in ...View more details
The Polish construction sector generated a gross value added (GVA) of PLN 148.1bn in 2018, accounting for 7% of GDP. As much as 38% of the construction output came from specialised construction activities. It was followed by construction of ...View more details
Thailand is the third-largest power producer and consumer in ASEAN, behind Indonesia and Vietnam. Although important, the contribution of the sector to the overall economy is small. The power sector accounted for 2.7% of nominal GDP and about 0.3% of ...View more details
Africa’s financial sector has undergone considerable growth for a decade in terms of depth, sophistication and regulation. However, the stages of financial development vary widely across countries and most have a long way to go to ...View more details
Brazil's power consumption accelerated slowly in 2017 and 2018, going hand in hand with the sluggish recovery of domestic economy. In addition, as of late 2019 businessmen and investors were still evaluating the commitment and ability of president ...View more details
In 2018, the Polish telecommunications sector was responsible for 1.9% of the country's GDP (vs. 2% in 2016), while the entire ICT sector accounted for 5.6% of GDP (vs. 4.9% in 2017) and employed around 220,000 people. The Polish telecom market is a ...View more details
India’s textile sector is the country’s oldest manufacturing industry. In FY2019, the GVA of textiles, apparel and leather product manufacturing accounted for 2.04% of total GVA, 7.07% of industrial GVA and 12.67% of manufacturing GVA. ...View more details