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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.
Malaysia's Agriculture, Forestry and Fishing sector accounted for 8.2% of GDP, growing ?? 5.9% y/y in 2020. With a share of 43.7%, palm oil was the major contributor to agricultural sector GDP in 2020, followed by livestock (15.1%), ...
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In Q4 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery and stronger market demand. The automotive production increased by 8.8% y/y to 8.2mn units. Output of ...
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In 2020, retail sales in Brazil rose by 1.2% y/y in volume terms, despite the negative effects of the COVID-19 pandemic and the contraction of the country’s GDP by 4.1% y/y. The overall positive performance of the retail sector was ...
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Since China initiated 5G technology R&D and standard formulation in 2013, the landmark national-level policy has been Made in China 2025 issued by the State Council in 2015. 5G technology, along with integrated circuits ...
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Thailand has a long-established reputation for being the “kitchen of the world”, with its food and beverage producers reaching consumers worldwide. Thailand is Asia’s second-largest net food exporter. The country ...
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Revenues from the production, distribution and trade of electricity stood at PLN 154.1bn in 2019 (latest available data), recording an increase of 15.4% y/y and corresponding to 6.7% of Poland’s GDP. In 2020, gross electric energy ...
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Metal processing is the third most important sector for the Russian economy, after the oil and gas industry and the agricultural sector ...
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The Philippine banking sector has been characterised with strong fundamentals given the various reforms the country has undertaken following the lessons from various crises in the past. This is good news for an emerging country ...
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Year 2020 was an exception year due to COVID-19. Prior to the pandemic, the transport and storage GDP saw robust growth of around 6% y/y between 2016 and 2019. Steady positive growth was also recorded across subsectors. The ...
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Latin America is a leading player in the global agriculture value chain, with the countries in the region ranking among the top ten global producers and exporters across various product groups such as cereals, oilseeds, coffee, fruits, meat ...
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