Articles

Key View: Heightened regulatory and competition challenges will still weigh on DStv, even as it launches a streaming-only version of its service. Its efforts to adapt to changing consumer needs and industry paradigms are welcomed, but the intensifying OTT threat means that this transformation is not risk-free.

On the back of a steady decline in

Key View:

• Healthcare spending will continue to be repressed by austerity measures over the long term.
• Public healthcare financing remains uncertain and reform progress has been slow.
• The market will remain highly unattractive for drugmakers due to aggressive pricing policies and the clawback tax.

Forecasts:

Greece's healthcare market is

Temporary Stabilisation In Global Growth: Negative economic data surprises have started to abate, particularly in the eurozone, which suggests that global economic growth will remain relatively robust throughout 2018. We forecast the global economy to expand by 3.3% this year, which is below the consensus of 3.7%, on account of slightly below

In Latin America, our growth forecasts are below consensus in a number of economies, including Bolivia, Brazil, Ecuador, Guatemala and Uruguay. The downward revision to our forecast Brazilian real GDP growth rate from 2.5% y-o-y to 1.6% puts us below Bloomberg consensus of 1.8%. The shift reflects lingering investor uncertainty over the upcoming

Key View: Over the coming decade emerging market construction industries will rise up the ranks of the largest construction industries globally. Scale will therefore no longer be the preserve more developed markets, meaning investors and contractors alike will need to increasingly assess markets based on risk, rather than traditionally balancing

Key View:

• Sub-Saharan Africa's healthcare market will continue to expand at pace with robust economic, demographic and epidemiological drivers in place.
• A rising chronic disease burden, large-scale urbanisation, and ageing populations will be major drivers of healthcare expenditure in the region.
• Despite this, the region's healthcare markets

In many respects, the Middle East is a market in transition. This includes the e-Commerce sector, which is only beginning to come into its own as the region's economies look to diversify away from petrochemicals to more sustainable industries. Overall, there is a lot of promise for e-Commerce in the Middle East, with Saudi Arabia and the United

Key View: Weak-than-expected economic growth and tightening monetary policy starting in 2019 will weigh on private sector credit growth over the coming quarters. Robust increases in lending to the government will help to buoy headline asset growth but will not be sufficient to completely offset weak private sector credit expansion.

The outlook for

Key View: Although the UK banking sector has proven resilient to Brexit uncertainty, we warn that with the official exit date less than a year away and little progress on reaching a settlement deal with the EU, industry headwinds are intensifying. While it is difficult to gauge the likelihood and impact of a serious shock to the sector, we believe