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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 sec🅷tor also includes insurers, re-insurers and insurance brokerages, pension funds, health andও welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The construction sector wꦯas finally showing signs of recovery in 2019, after registering contracting GVA since 2014, when the Car Wash Operation investigations started. The COVID-19 pandemic, which halted economic activity globally, ...
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South Africa is proud to have the best transport infrastructure iꦓn Sub-Saharan Africa and among the region's most developed electric power networks. Nevertheless, the decades-old model of state-owned conglomerates controlling infrastructure ...
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Malaysia’s renew🅘able energy (RE) installed capacity reached 8.7 GW in 2020🌸, ranking it as the fourth biggest market in ASEAN, according to data provided by the International Renewable Energy Association (IRENA). The share of RE in the ...
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Joko Widodo won the hotly 💛contested presidential elections of 2014 based, in part, on a platform of infrastructure investment to accelerate economic growth. This was suc🐟cessful as for decades the Indonesian economy had been plagued with ...
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The reve🍸nue of China’s food sector in the second quarter of 🐠2021 reached RMB 507.1bn, up by 1.1% y/y, driven by increased sales and prices of some major foods. The total profit of the food sector in April-June 2021 plunged by 24.2% ...
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The abundance of low-cost fossil fuels has predefined the low uptake of renewable energy resources and the strong presence of 🥃oil, natural gas and coal in Russia’s power generation mix. Furthermore, of the nearly 55 GW total RE ...
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After a steady growth in Q1 2021, China’s insu🎃rance sector contracted significantly in Q2 2021. The premium income from April to June 2021 dropped by 13𒐪.2% y/y, compared to a rise of 7.8% in Q1 2021. The premium slump in Q2 dragged ...
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