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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 Philippines banking sector remains in a nascent stage of development, and most Filipinos tend to engage in financial activities using less formal channels such as pawnshops. Nonetheless, the banking sector has been expanding its services to ...
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Chile’s banking sector is one of the most developed and competitive in Latin America. It is deep, solvent and highly integrated with the global economy. After two years of deceleration, banking activity has started to gain pace since the second ...
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In 2017, Brazil’s economy exited one of the deepest recessions in decades, and retail sales in the country returned to growth, expanding by 2% y/y in volume terms. Several factors supported the turnaround of the sector, including slowing ...
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India’s is the world’s 10th-largest pharmaceutical market in US dollar terms - with sales of over USD 25bn in 2017 - and the largest generic drug manufacturer and exporter globally. Strong domestic demand and robust exports have ...
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The gross value added (GVA) of the Czech pharmaceutical sector amounted to CZK 19.4bn in 2017, increasing by a real 11.1% y/y. The sector accounted for 0.4% of the GDP that year. The pharmaceutical sector employed 9,855 workers in 2017, accounting ...
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Although the global pharma & healthcare sector is dominated by large multinational companies, mainly from the developed countries, Latin America has been quickly catching up in building a domestic pharmaceutical production base and expanding the ...
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Colombia’s ICT sector claimed a share of 3.1% of its national GVA, or around COP 25.7tn, in 2017, growing 3% compared to 2016 in real terms. In 2017, FDI inflow in TCI exceeded USD 3.4bn, up from USD 1.5bn the previous year, and beating the ...
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As the world’s second largest economy, China relies heavily on coal to ensure the stable operation of its main industries, such as energy and steel. The increasing energy consumption already made China the world’s largest producer and ...
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In the third quarter of 2018, China’s pharmaceutical and medicine production declined by 28.5% y/y to 573,000 tonnes, In 2018, many pharmaceutical producers were affected by the ongoing reform for new chemical drugs classification system, and ...
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India’s IT industry consists of IT services and Hardware and Business Process Management (BPM). Ecommerce has been part of the BPM segment of this industry since FY2013. The IT-BPM sector is largely export-driven. Software accounted for 74.5% ...
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