Articles

Key View

• Canada’s medical devices market is set to expand faster than the wider economy due to an expansive government federal budget and a renewed commitment to investing in Canada's healthcare system. 
• Canada will remain reliant upon medical device imports for the mid-term while it continues to implement its Biomanufacturing and Life Science

Key View

• The Gulf Corporation Council markets will continue to have the lowest electricity prices in the MENA region, due to large energy subsidies.  
• We expect residential users to pay higher prices than industrial and commercial users over 2024 as MENA governments prioritise economic growth, competitiveness, and job creation.
• Oman is expected to

Key View

• In line with our Global team’s view of the Fed’s monetary policy, we think that the Central Bank of the UAE (CBUAE) will gradually cut the base rate to 4.65% by end-2024 starting in July. Risks of delayed rate cuts are high.
• Stubbornly robust increase in rent prices prompted us to revise up our 2024 forecast for Dubai’s average inflation

Key View

• We anticipate that the Reserve Bank of New Zealand (RBNZ) will lower the policy rate by 50 basis points (bps) in 2024, starting in Q424. 
• Inflationary pressures are showing signs of easing. However, we believe the RBNZ will want to see inflation closer to its 1.0-3.0% target before starting its loosening cycle.
• The risks to our policy rate

The Latest: On May 2 2024, the Spain-based hospitality company Riu Hotels and Resorts opened a new resort in Trelawny, Jamaica. The Riu Palace Aquarelle resort is located in the town of Falmouth and will be Riu Hotels' seventh property in the market. The new resort will offer 753 all-inclusive rooms and amenities such as restaurants, swimming pools

This article is the fourth in an ongoing series of articles on GCC food security ambitions and the implications these have on trade relations with food-producing countries. The first piece was an introduction to GCC food security policies, followed by an article on agricultural ties between GCC markets and South Africa and a third on India-UAE food

Key View

• We forecast that Kenyan growth will remain strong at 5.5% in 2024, broadly in line with the 2023 outturn of 5.6% (a revision from our previous estimate of 5.5%), following the release of Q4 2023 data that was broadly in line with our expectations, and upwards revisions to previous quarters.
• Growth in 2024 will be driven primarily by private

Key View

• The Dutch economy contracted by 0.1% q-o-q in Q124, according to the first estimate.
• We maintain our view that the gradual recovery of private consumption will be the main driver of growth in 2024.
• We maintain our expectation of a small yet positive contribution of gross fixed capital formation (GFCF) to headline growth.

The Dutch economy

Key View

• We anticipate that the Nordic countries will increasingly pursue cross-border partnerships to develop the local pharmaceutical industry and secure medicine supply. 
• A harmonised procurement approach across the Nordics is expected to result in competitive pricing and increased access to medicines, including high-cost advanced therapies.
• The