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.
Like much of the world, Turkey was impacted significantly by the pandemic in 2020. While production facilities were briefly brought to a halt, motor vehicle production was down for a third year in a row, affecting both imports and exports. ...
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Thailand’s real estate sector continued to expand in the past decade as the country developed. Real estate activities are mainly concentrated in the Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC), while ...
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Indonesia’s financial sector was among the few to continue growing during 2020, showing its resilience to external shocks. The sector’s GVA expanded by a real 3% y/y in 2020, the year that brought the country’s first recession ...
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With its young and growing population of 84.3mn, Turkey has a well-developed and competitive consumer goods and retail sector. Strong consumer demand, propelled by its young population, fuels the retail sector, making it one of ...
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Argentina is recognised as a leading global player in the production and export of food and beverages, ranking among the 10 biggest global producers of vegetable oils, soybean by-products, pasta and wine. The sector plays a relevant role in ...
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China’s telecommunications sector is among the sectors that were least impacted by the COVID-19 pandemic, as the lockdown measures encouraged the demand for online communication. In Q3 2021, the total revenue of China’s ...
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The sector has been witnessing a momentous evolution from a formerly generics-based into one that nourishes more value-added R&D activities. Imported innovative treatments are also allowed for faster market entry in China, ...
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China is the largest producer of paper and paperboard in the world, according to a survey released by the Food and Agriculture Organization of the United Nations (FAO) in 2021. It produced a total of 127mn tonnes of machine-made ...
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The consumer electronics and household appliance manufacturing sectors play a key role in Poland’s economy. They respectively correspond to the categories of “computer, electronic and optical products” and ...
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