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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 are𝔉 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 w🐼elfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The automotiཧve sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 203,000 people in 2018 (8% of the ...
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In 2018, Thailand was the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer and market in the world. The counꦆtry’s four-wheel vehicle market was the second-largest in ASEAN in that year. The ...
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China food sector’s revenue grew by 16.2% y/y to RMB 472ꦅbn in the third quarter of 2019, as a result of the increase in sales and prices of some major foods. In the first nine months of 2019, the price of meat increased by 15.1% y/y. In ...
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The automotive production in China slumped by 17.6% y/y in Q2 2🍸019 amid weaker economic growth and a continuous decline in the domestic automotive market. In Q2 2019, China produced 5.8mn cars compared to 7.03 mn in the same quarter of the previous ...
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Accounting for 3% of total GVA of the economy in 2018, the financial intermediation and insurance sector🎐 in Romania is still underdeveloped by EU standards (4.8% for the EU28). The banking sector, which represents about 75% of the financial system, ...
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The mining and quarrying sector, including oil and natural gas extraction, generated a gross output of CZK 67.3bn in 2017, decreasing by 0.7% y/y in real terms and recording the smallest drop in the period 2013-2017. The gross output of mining aℱnd ...
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The revenue of China’s mobile communications equipment sector rose by 5.6% y/y in the firs𒅌t nine months of 2019, according to MIIT. The gross value added of communications 💞equipment manufacturing during this period increased by 7.1% y/y. ...
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Economic growth in the Philippines over the past few years has been strong as a result of rising remittances from overseas Filipino workers (&ldquo✨;OFWs”) and a rising availability of comparatively high paying jobs from the business process ...
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Mexico, a traditional oil exporting country🌞, saw its crude oil output continually decline at a CAGR of 4.3% between 2004 and 2018 due to the natural decay of the country&rsq🌳uo;s mature fields, coupled with insufficient investment in exploration and ...
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Russia’s vast territory, wide range of tourist attractions and proximity to European and Asian marke🐎ts offer strong growth potential for the country’s tourism sector. However, high entry barriers, underdeveloped transport infrastructure ...
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