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 Indian metal processing sector enjoys solid foundations for growth, stemming from the industrialised economy and the abundant metallic mineral resources. Still, the sector accounts for less than 2% of the economy in terms of GVA at current prices ...
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The consumer electronics and household appliance manufacturing subsectors play a key role in Poland’s economy. Their combined GVA in 2017 was equal to 1.1% of GDP and 6.2% of manufacturing GVA. Between them, the two subsectors employed 165,083 ...
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Turkey ranks 10th in the world in terms of mineral diversity, holding 0.4% of the global metallic mineral reserves, 2.2% of the industrial raw material reserves and 1% of the coal reserves, according to data provided by the Turkish energy ministry ...
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Peru is a comparatively small pharmaceutical market in Latin America (ranking eighth in terms of sales volume in 2017), with a relatively young and growing population. However, public health spending is expanding at a rapid pace, particularly in ...
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After poor financial and operating performance in the 2015-2017 period, Brazil’s ICT sector returned to a growth path in 2018. Apart from an uptick in economic activity and an improving job market, the sector was favoured by continued robust ...
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As the world’s most populous country with a fast-expanding economy, China is a major energy consumer. The country was the second-largest consumer of crude oil and the third biggest consumer of natural gas in 2017. China is also a significant ...
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Mexico’s construction sector had a lacklustre performance over the period 2012-2017, with its GVA rising at a CAGR of 0.9%. Among the main impediments to the sector’s growth was a change of government policy on housing development in 2013 ...
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Brazil has the world’s sixth largest chemical sector, with estimated net revenues of USD 127.9bn in 2018. Compared to 2017, industry turnover rose by 5.4% y/y, supported by an uptick in activity of the major industrial consumers, upward price ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 4.6% of total GDP, 24.2% of total export value, and 3.8% of total employment in 2017. The favourable weather conditions during the year ...
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India has abundant mineral resources and is a leading global producer of many minerals. In 2017, the country ranked as the world’s fifth-largest iron ore, fourth-largest coal, and third-largest chromium producer. The country also occupies ...
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