Articles

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• We forecast that GDP-weighted growth in European banking sector assets will come in at 3.8% y-o-y at end-2024, and 4.8% at end-2025. This compares with estimated growth of 4.8% at end-2023.
• Asset growth will slow in 2024 as the lagged impact of rate hikes continues to filter through to lending activity across the region. Higher

Key View: The extension of Spain's MOVES III incentive scheme until July 2024, offering tax benefits and purchase incentives, in conjunction with upgrades to the local EV charging infrastructure, will encourage Spanish consumers to shift from ICEs to EVs in 2024. We expect the growth rate in Spain's passenger EV segment to significantly exceed

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• We expect that real GDP growth in Botswana will accelerate to 5.0% in 2024, from an estimated 2.7% in 2023.
• Relatively stable energy prices will see inflation fall, boosting private consumption.
• An expected recovery in global diamond prices will prompt diamond traders to resume sales in 2024, providing tailwinds to exports.

We

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• Colombia-based Ecopetrol is set to enter a drilling spree in 2024 as the state-backed company seeks to take advantage of recent hydrocarbon discoveries and preserve the lifelines of its existing assets.
• This investment comes at a crossroads for Colombia’s oil and gas industry, with the incumbent Petro administration so far holding

Latest Development: On April 1 2024, Smith+Nephew (S+N) launched the Renasys Edge Negative Pressure Wound Therapy (NPWT) System in the US, a device that significantly advances the home-based treatment of chronic wounds in the US. NPWT devices are wound dressing systems that continuously or intermittently apply sub-atmospheric pressure to the

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• We expect limited social stability and policy continuity risks following Bassirou Diomaye Faye’s decisive victory over the incumbent-backed Amadou Ba in Senegal’s presidential election, held on March 24.
• Despite the upcoming presidential handover, we do not expect any drastic policy shifts as the opposition coalition lacks majority

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• We forecast that Mauritian real GDP growth will slow to 4.5% in 2024, from an estimated 6.5% in 2023. We have revised up our 2023 estimate, after Statistics Mauritius published the nominal growth outturn of 7.3% y-o-y in Q4 2023, up from 5.3% in Q3 2023. 
• We expect that construction sector growth will drive economic activity in 2024