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.
Colombia was the fifth largest pharmaceutical market in Latin America in terms of sales value in 2021, due to its large and growing population. The country has a near-universal social security health insurance system, which has experienced chronic ...
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The 2022/2023 season marked a significant milestone for Brazil's agribusiness sector, with record-breaking yields for grain and soybean production, robust growth in the meat export market and resilience in fish farming. The grain harvest concluded in ...
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The electric power sector is an important driver of economic development and employment growth for energy-hungry Indonesia. The sector employed some 320,000 people as of 2022. The country's power generation mix is dominated by coal, which accounts ...
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Brazil has become a leading player in the global oil and gas markets, thanks to the continued development of its massive pre-salt reservoirs. The country is mostly focused on crude oil production, which accounts for more than a third of its primary ...
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In 2022, China's total retail sales reached RMB 43,973bn, which represented a slight decline of 0.2% y/y, mainly affected by the COVID-related lockdowns during the year. Due to the crucial role of consumption in the economy, the Chinese government ...
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The chemical sector is one of the critical pillars of the Chinese economy. Over the past two decades, China's chemical sector has maintained steady growth, driven by the increased demand from domestic and international markets. However, the rapid ...
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China is the world's second-largest aviation market after the US. In 2022, China's air passenger traffic and air freight traffic reached 251.7mn and 6.1mn tonnes, respectively, according to data from the Civil Aviation Administration of China (CAAC). ...
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China's telecommunications sector is relatively concentrated, with a few large state-owned enterprises. However, the government has also introduced new measures to allow more market participants in the sector to boost investment in emerging areas ...
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