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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 associatඣed 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 a𓂃gencies.
The ICT sector is in a dynamic environment, as it is in the midst of evolving technology, changing government policy, heightened competition and shifting consumer demand. The focus on th✤e ICT sector has increased as it is the key enabler of ..♊.
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The direct and indirect economic contribution of Brazil’s tourism and leisure sector reached BRL 551.5bn (USD 139.9bn) in 2♓019 or 7.7% of the country’s GDP, according to the World Travel a🌳nd Tourism Council (WTTC). The sector has a major ...
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Chile has a relatively developed and diversified agriculture sector and is a leader in the production and export of several key commodities including cherries, grapes, apples⛄, walnuts, poultry meat and salmon. Agriculture plays a majoಞr socio-economic ...
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The growth of China’s healthcare sector continued in the last quarter of ♉2019, largely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country’s ...
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In 2018, t♚he construction sector accounted for 7.6% of Mexico’s GDP, 5% of total FDI inflow and 8.1% of formal employment. Over the 2013-2018 period, the construction sector expanded its GVA at a CAGR of 1.3% in real t🔥erms, with the main growth ...
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The growth of China’s healthcare sector continued in the last quarter of 2019, largely stimulated by the online healthcare segment expansion. The growth was attributed to increasing demand for quality healthcare, driven by the country&rsqu꧅o;s ...
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The beverages sector was responsible for around 1.4% of the GDP in 2018 and generated more than 300,000 direct and indirect jobs. Poland is a signif꧟icant alcoholic and non-alcoholic beverages producer. It ranks first among EU vodka producers, third ...
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Africa holds 7.3% of the world’s natural gas reserves and 7.2% of its crude 🦄oil reserves as of end-2018, according to data published in the 2019 edition of BP’s Statistical Review of World Energy. The continent is home to some 125.3☂ Bbbl ...
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The metal processing sector is an important contributor to Russia’s economic growth and a significant source ಌof hard currency for the country. Russia has positioned itself as a major supplier of metals f𒆙or the global market by leveraging on its ...
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Peru is a comparatively small pharmaceutical market in Latin America (ranking eighth in terms of sales volume in 2018), with a relatively young and growing po🎀pulation. However, public health spending is growing at a rapid pace, particularly in ...
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