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The Latest: In April 2024, Radisson Hotel Group opened the Pramod Lands End Resort in Gopalpur, which is a coastal town in Odisha, India. Pramod Lands End Resort is part of the Radisson Individuals offering which are uniquely designed luxury hotels. The beachfront hotel has 100 rooms, which include suites and villas with private room access. Its

Key View

• We now expect that the Banco Central do Brasil (BCB) will cut its policy rate from 10.50% to 9.50% by year-end (9.25% previously), with economic resilience and uncertainty surrounding the government’s fiscal policy stance set to see the central bank adopt a slightly less hawkish stance.
• The BCB lowered its policy rate by 25bps at its May 8

Short-Term Outlook

The Omani market for personal care and effects is forecast to grow 3.8% y-o-y reaching OMR410mn (USD1.1bn) in 2024. This positive outlook is supported by a consistent upward trend in spending, indicating a resilient demand for personal care and effects products. In 2024, the per household expenditure on these items is expected to

Latest Development: Headline inflation rose in the capital Colombo to 1.5% y-o-y in April from 0.9% in March. One reason was that transport prices flipped back into inflation at 5.0% y-o-y, from 2.0% deflation. The Colombo data suggest that national headline inflation rose in April, but remained within the Central Bank of Sri Lanka’s (CBSL) 3-7%

Key View: 

• We think that Thailand will now run a wider surplus of 2.9% of GDP compared to our previous forecast of 2.6%. Still, this will be just shy of the pre-Covid size. 
• Global demand prospects are improving which bodes well for Thailand’s export performance. 
• The one key factor holding back the country’s external health is tourism. Even if

Key View

• While we maintain our view of economic growth in Libya will slow from 19.5% in 2023, we now foresee a steeper slowdown to 7.7% in 2024 against 9.5% previously.
• Oil disruptions in Q1 2024 will weigh on growth in the oil economy, while worsening political bickering among key policymakers will drag on investment and depreciating dinar will

Latest Development: On May 1 2024, Cigalah Healthcare, a prominent Saudi Arabia-based healthcare company, entered into a collaboration with Abdi Ibrahim, a Turkiye-based pharmaceutical company. Under the agreement Cigalah Healthcare will import various pharmaceutical products including central nervous system, cardiovascular, respiratory and

• We forecast the krone to unwind recent losses in the near-term and appreciate to an end-2024 rate of NOK11.32 per EUR, from its

Key View

• Healthcare expenditure will benefit from increased government spending despite projected below-trend GDP growth in 2024. 
• Increased digital health investment aims to create a more integrated and efficient health information system that will deepen collaboration between healthcare providers.
• Private healthcare expenditure will benefit from