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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 dealin🧜g and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock e🌌xchanges, and collection and credit agencies.
The COVID-19 pandemic and the related containment measures – including full‐scale lockdowns and other restrictions throughout 2020 – had an unprecedented impact ဣon both car supply and demand across the global automotive market ...
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Colombia was the fourth-largest pharmaceutical market in Latin America in terms of sales volume in 2019, with a large and growing population, a universal but underfunded social security heꦕalth insurance system, and a s💞mall but rapidly ...
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Cꩲoal power still has a towering presence in China’s electricity generation, but the share of nuclear and renewable energy keeps increasing as the country is changing course towards a cleaner energy miᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚx. According to the International ...
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China first identified low-carbon development as an important focus of economic transformation in its 12th FYP guidelines. This time, policymakers reiterated the need to accelerate the process with an aim to meet the꧙ carbon ...
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The Indonesian food and beverage (F&B) manufacturing sector contributed 6.4% to the country’s nominal GDP in 2019. The significance of the 𒐪sector for Indonesia’s economy has been proven by the fact that F&B is one of ...
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The Emerging Europe region covered by the scope of this report comprises Russia, Romania, Turkey and Poland. In terms of their importance on the natural gas and oil markets, this group should be separate▨d into Russia and ...
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Brazil was on♐e of the hardest-hit nations by the COVID-19 pandemic on a global scale, ranking among the top three countries with the highest number of cases and deaths from theꦚ novel coronavirus. Brazil’s pharmaceutical industry, ...
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Agriculture and its allied sectors combine for the largest sector in India in terms of employment – engaging approximately 40% of the country’s total workforce. Aside from its 🧔significance in employing many workers💦 and providing ...
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Following a challenging first half of 2020, China’s economic growth improved in the second half of the year with GDP rising by 6.5% y/y in the last quarter of 2020. Attributed to an improved control of the COVID-19 pandemic,&n🌊bsp;rising ...
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Mexico is the seco༺nd-largest pharmaceutical market in Latin America, after Brazil, with retail drug sales of USD 7.3bn in 2019. The country has a growing and ageing population, multiple but underfunded state-run health insurance systems, ...
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