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• The Indonesian Internet Service Providers Association (APJII) has formalised a memorandum of understanding (MoU) with SpaceX's Starlink to bolster internet connectivity across Indonesia, targeting enhanced service quality in rural and underdeveloped areas.
• We believe is it highly likely that Starlink will receive uninterrupted

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• We have revised upward our forecast for UK real GDP growth in 2024 from -0.1% to 0.5%, as the economy has had a much stronger start to the year than we previously anticipated.
• Several tailwinds will support growth throughout Q2 and into Q3 2024. This includes declining inflation, decent wage gains, as well as lower National

Latest Development: WOM Colombia has filed for bankruptcy just a week after its Chile-based operation did the same. Reports indicate that the Colombian branch requires an infusion of USD 10.3mn to rescue the unit. The aim is to bolster financial stability, maintain service continuity, and meet payment obligations to the government and suppliers

Key View: After expanding by 178.0% in 2023, we forecast Brazil's passenger EV sales to grow by 83.8% in 2024, achieving a passenger EV penetration rate of 5.2%. Although we maintain a positive outlook on Brazil's EV adoption in the medium term, we acknowledge that the 2024 reimplementation of taxes on EV imports, intended to safeguard local

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• We forecast that the Bank of Namibia (BoN) will begin its monetary easing cycle in Q3 2024, cutting the repo rate by 50 basis points (bps) to 7.25% by end-2024.
• The BoN will aim to safeguard the Namibian dollar’s one-to-one peg with the South African rand which will prompt it to closely follow the SARB’s monetary policy decisions

Latest Development: Reportedly, in 2021, telecom operators in the Democratic Republic of Congo (DRC) agreed to collectively pay an additional USD5.8mn per month to the telecoms regulator through to 2030, an arrangement that is allegedly still in effect but which has not been previously disclosed. Details are scarce regarding the telecoms tax

Please note: BMI is enhancing its risk analysis with a new scoring system following acquisition of GeoQuant, a market-leading provider of political risk data. From 27th March 2024, risk scores are inverted: zero now represents the lowest risk and 100 the highest, for clearer, industry-standard assessments. For further details, please refer to

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• We expect Denmark's economic growth to slow marginally in 2024, projecting a GDP expansion of 1.6%, a slight decrease from the 1.9% growth rate observed in 2023.
• While monetary policy is set to become more accommodative, less favourable base effects – stemming from stronger-than-expected growth in 2023 – will temper the growth

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• Roche’s latest Columvi data will support the drug’s full approval in the US and Europe.
• Approval as an earlier line treatment will give Roche an edge over AbbVie and Genmab’s Epkinly.
• Bispecific therapies will continue to attract interest from cancer drugmakers.

Roche’s latest Columvi (glofitamab) data will support the drug’s

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• As we expected, the US House of Representatives approved USD95bn in foreign aid on April 20 including USD60.7bn in aid for Ukraine (31.8% of GDP).
• The resumption of US military aid should provide Ukraine with just enough materiel to defend itself, but its forces will still lack resource volumes required to contest the battlefield