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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.
In 2022, retail sales in Brazil rose by 1% y/y in volume terms, a relatively weak performance compared to the solid overall performance of the domestic economy, with GDP up by 2.9% y/y in real terms. Some of the sub-segments that achieved solid ...
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Brazil's IT market slipped to 12th place globally in 2022, totalling USD 45.2bn, according to estimates by US-based tech consultancy IDC. However, a promising outlook for 2023 is projected, with expected growth of 5.4% y/y, driven by connectivity, ...
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Brazil's pharmaceutical and healthcare sector encountered problems during the COVID-19 pandemic, including shortages of drugs and active pharmaceutical ingredients (APIs), rapid price increases for pharmaceutical products and strained finances in the ...
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In 2021, the crop, cattle, hunting, forestry and fisheries sector of Thailand accounted for 8.53% of the country's gross domestic product (GDP). In 2022, the sector accounted for 30.1% of the total employment in Thailand. Thailand is a prominent ...
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Latin America is one of the brightest spots for the global renewable power industry, thanks to its massive natural potential. The region had the fourth largest renewable power generation installed capacity in the world as of the end of 2022, ...
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During the first nine months of 2022, Vietnam attracted approximately USD 15.4bn in foreign investment, an increase of 16.2% compared to the same period in 2021. The country's real estate sector continued to receive over USD 3.5bn in foreign direct ...
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Thailand's financial services industry, which includes insurance activities, accounted for 8.28% of the nation's GDP in 2022, marginally lower than its share of 8.32% in 2021. The sector employed 514,320 people in 2022 (3.4% more than the previous ...
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In recent years, Indonesia's construction sector has been mainly supported by the government's ambitious agenda for infrastructure development as the country seeks to improve and expand its connectivity network to reduce the development gap between ...
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China's construction sector has seen tremendous growth over the past years and showed great potential, despite the recent market hardships brought on by the slowdown of macroeconomic growth. The construction industry is of crucial importance for the ...
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The tourism sector holds immense significance in the Indian economy, contributing to its growth and development. It is a multi-faceted industry that encompasses a wide range of activities, including hospitality, transportation, travel agencies, and ...
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