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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.
The revenue of China’s food sector in the fourth quarter of 2020 reached RMB 549bn, down by 4% y/y. The total profit of the food sector in October-December 2020 plummeted by 23.8% y/y to RMB 47.5bn. In Q4 2020, the production of ...
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Calendar year 2020 was remarkable for the Indian insurance industry in more ways than one. For starters, insurance underwent an image makeover from a push to a pull product for an increasing number of Indians. Then, the COVID-19 ...
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The Indian consumer goods and retail sector staged a cautious revival in H2 2020 as consumers became inured to living with the world’s second most extensive COVID-19 outbreak. A sustained slide in COVID-19 cases from its peak in ...
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The year 2020 saw countries going into lockdown as a result of COVID-19. The telecom sector became an anchor for economic activities to continue as learners, workers and all non-essential operations needed to be conducted from home. ...
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The COVID-19 outbreak shaped the construction industry in Latin America during 2020. The economy of the four largest markets, namely Brazil, Mexico, Argentina and Colombia, contracted significantly over the year. The construction ...
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Argentina has the third largest ICT sector in Latin America by number of subscribers, beaten only by Brazil and Mexico. In regional terms, the country also has relatively high penetration rates in the main ICT services – ...
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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 supported by ...
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The Polish construction sector generated GVA of PLN 144.1bn in 2019, which corresponded to 6.3% of the country’s GDP. Of the PLN 230.2bn construction and assembly production value (realised by construction firms), 45.6% was ...
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In 2019, the construction sector accounted for 7.1% of Mexico’s GDP, 1.2% of total FDI inflow and 7.8% of formal employment. During the 2014-2019 period, the construction sector contracted its GVA at a CAGR of 0.31% in ...
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Latin America is a resourceful region and has tremendous opportunities within its mining sector. From recently emerged stars in mineral commodities, such as lithium, to traditional segments like gold, copper, iron ore and coal, the ...
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