Articles

Key View

• Nigeria is reportedly set to intensify the legal protection of broadband infrastructure, with the impending signing of an executive order that will criminalise the destruction of fibre-optic cables.
• The regulation may marginally improve operators' and investors' sentiment towards FTTx investment, although we note that the Sub

Key View

• We maintain our forecast for the central bank to cut its policy rate from 4.5% to 4.0% by end-2024.
• We think the Bank will ease policy further to help ensure the economy meets the government’s GDP and credit growth targets, and relatively benign inflation will allow the Bank to cut.
• While recent dong weakness is a constraint, we

Key View: Our outlook for German consumer spending over 2024 shows a slight yet modest rebound yet remains below pre-pandemic levels. Consumer confidence is stable but subdued, with retail sales weak amid ongoing economic challenges. Inflation pressures are expected to ease, while the labour market is relatively tight. Government interventions

The Latest: On April 22, 2024, the European Commission (EC) granted approval to Samsung Bioepis’s Pyzchiva (ustekinumab), a biosimilar to Johnson & Johnson’s Stelara (ustekinumab), thereby broadening the range of treatment options for patients with chronic inflammatory conditions. Pyzchiva is indicated for the treatment of plaque psoriasis

The Latest: In May 2024, AB Living which is a Spain-based property development group announced plans to open a new Almare resort in Isla Mujeres, Mexico in partnership with US-based hotels and resorts company Marriott International. The all-inclusive adult-only resort will be part of Marriott's Luxury Collection and will include 150-rooms, with

Latest Development: Data released on April 25 showed South Korea’s real GDP expanding in Q124 by a seasonally-adjusted 1.3% q-o-q, accelerating from 0.6% in Q423. This corresponded to a 3.4% y-o-y growth.

Forecast Implications: The outturn surprised significantly to the upside, surpassing both our and the consensus estimate of a 2.4% y-o-y

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

Key View

• 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