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Latest Development: On May 2, the Planning and Statistics Authority (PSA) published preliminary GDP figures showing Qatar’s real GDP growth at 1.2% y-o-y in Q3 2023. The hydrocarbon sector expanded by 2.3% y-o-y, while the non-oil economy grew by 0.6% y-o-y compared to the same quarter in 2022.

Forecast Implications: Although growth in the

Key View: Over 2024, we expect an increase in the total tourist arrivals to Greece, with growth building on a full recovery to pre-Covid (2019) levels in 2023. Over the medium term (2024-2028), we forecast arrivals to continue expanding in line with increased arrivals from traditional and emerging major source markets for arrivals. Tourism

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• Following a predicted expansion of the Polish macroeconomy, we anticipate that both public and private healthcare sectors in Poland will experience robust growth.
• The utilisation of private healthcare services in Poland is expected to continue its upward trend, as an increasing number of individuals opt for a combination of public and

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• The Czech National Bank (CNB) cut rates by 50bps to 5.25% on May 2 2024, as we had expected, while adopting a less dovish tone. This has prompted us to keep our end-2024 policy rate forecast unchanged at 4.25%.
• A firmer recovery in economic activity in 2024, which will drive higher inflationary pressure from H224, underpins our more-hawkish

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• Governments across the Asia-Pacific (APAC) region will continue to prioritise the enhancement of their pharmaceutical sectors as a critical component of state policy.
• Investment will be specifically devoted to improving market access and intellectual property (IP) barriers.
• Despite reforms, the region still lags behind developed markets

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• Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards underexplored areas.
• International oil companies (IOCs) will continue to be crucial for Malaysia's deepwater success.
• Malaysia could experience a significant increase in exploration expenditures in 2024 as IOCs prepare

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• We expect that Pakistan’s wheat harvest in the 2024/25 (May-April) season, that began at the start of April and is due to be completed in mid-June, will amount to a record 28.8mn tonnes, in line with USDA estimates. In tandem with a projected domestic wheat consumption growth rate of 1.5% y-o-y in the same season, Pakistan’s wheat

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• The safety of medical devices will improve following the FDA’s 2024 Center for Devices and Radiological Health (CDRH) Safety Report. 
• Respiratory and cardiovascular devices will continue to be the most common Class I recalled products.
• Medical device recalls will have a limited impact to medical device manufacturers in the long term.

The

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• We have revised up our 2024 GDP forecast for the Spanish economy as private consumption is likely to perform somewhat better than we had anticipated in 2024 and our outlook on Spain’s industry has improved. We now expect the Spanish economy to expand by 2.2% in 2024 (previously 1.5%) after 2.5% growth in 2023.
• We remain of the view that

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• Access to cell therapies will improve across emerging markets following the approval and market launch of the first India-produced CAR-T cell therapy.
• Aging populations and low health expenditure will continue to drive demand for lower-cost cancer therapies.
• Growing demand for cancer care in India will put pressure on the government to grow