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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.
Brazil ranks among the world’s ten largest ICT markets in terms of number of subscribers of fixed-line telephony, mobile telephony and fixed broadband. The economic recession over the 2015-2016 period had a severe negative impact on the ICT ...
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Total expenditure on healthcare in Hungary in 2015 reached HUF 2,460bn, up by 6.3% y/y. Government and compulsory health care financing schemes made up 67% of the expenditure, followed by private out-of-pocket spending (29%). Voluntary healthcare ...
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While the Philippines has a well-deserved international reputation for its prowess in providing outsourced ICT services, the remainder of the ICT sector in the country remains at an early stage of development when compared with that in many other ...
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According to statistics published by the China Banking and Insurance Regulatory Commission (CBIRC) – the country’s recently restructured financial regulator – the total assets of the banking sector rose by 8.7% y/y in 2017, reaching ...
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The mining sector plays a central role in Colombia’s economy, being responsible for 18.3% of its total export revenues and 2.1% of its GDP in 2017. During the year, the country was the leading thermal coal producer in Latin America, ...
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Russia’s construction sector plays an important role in the country’s economy, generating 5.7% of the gross domestic product (GDP) in 2017 and employing over 7% of the workforce. The economic downturn of 2015-2016 had a severe ...
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The gross output of the mining and quarrying sector, including oil and natural gas extraction, accounted for 0.6% of the total gross output of the Czech economy in 2016, decreasing from 0.9% in 2012. The gross value added (GVA) of the ...
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India’s textile sector is the country’s oldest manufacturing industry. Textile and apparel contributed 4% to India’s GDP, 14% to industrial production, and 13% to exports in FY2017. Textiles is second only to agriculture in ...
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China’s retail sector continued to grow in the fourth quarter of 2017, with sales rising 9.9% y/y to RMB 10,308bn. The positive trend was a result of strong consumption stimulated by rising average income levels, and ongoing supply ...
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As the largest contributor to the growth of the services sector in India, travel and tourism has tremendous potential for development. It plays a significant role in India’s economy, directly contributing 3.6% to its GDP in 2017 and directly ...
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