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Key View: We hold a downbeat outlook for Angolan consumer spending over 2024. The impact of the kwanza sell-off in June 2023 has resulted in rising inflationary pressures, while an undiversified economy, elevated debt servicing costs and limited employment in formal sectors will weigh on overall spending over the year.

Consumer Spending Outlook For

Latest Development: Microsoft has announced a EUR4bn investment in France to deploy new data centres supportive of AI and cloud computing growth. Amazon Web Services (AWS) is also reportedly in talks to invest EUR1.2bn in the country. Both hyperscalers are set to fall under strict energy efficiency demands, amidst a landscape where building data

Latest Development: The proposed legislative revision to the Telecommunications Regulatory Commission Act in Sri Lanka is looking to open the market for macro telecom site construction to independent towercos, breaking away from the current model of joint management and funding between MNOs and the government. If enacted, the proposal would greatly

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 further

Key View

• Battery energy storage systems will be the most competitive power storage type, supported by a rapidly developing competitive landscape and falling technology costs.
• We expect the price dynamics for lithium and nickel to remain favourable for battery storage developers, while copper will place upward price pressures as the demand from other

Key View

• A lack of a robust opposition means that the MPP will likely win the upcoming elections scheduled for June 28.
• With its victory, the MPP is poised to retain its control in almost all forms of government for at least another three years. 

We expect the Mongolian People’s Party (MPP) to emerge victorious in the upcoming

Key View

• We anticipate a slowdown in Uzbekistan's economic growth from 6.0% in 2023 to 5.6% in 2024.
• While ongoing reforms aimed at increasing the privatisation of the economy might result in higher prices and subsequently decrease consumer spending, we anticipate that capital investment will sustain economic growth.
• We expect that higher imports of

Key View: Consumer spending growth is due to remain strong in 2024, given an economic surge primarily driven by increased exports and higher investment, bolstered by more affordable credit and low inflation. A high level of household debt remains a risk to our consumer outlook if interest rates do not come down as forecasted in H2 2024, limiting

Key View

• We forecast that Malawi’s economy will expand by 3.1% in 2024, from an estimated 1.6% in 2023.
• Net exports will present less of a drag on growth in 2024 as we expect a recovery in agricultural output in late 2024, while private consumption will continue to face headwinds.
• In 2025, we expect that real GDP growth will pick up further, to 3.4%

Key View 

• As the Russia-Ukraine war carries on, Kazakhstan’s multi-vector approach to foreign policy has proven to be tricky to manage. 
• While Kazakhstan continues to maintain friendly relations with Russia, its needs to diversify transport and infrastructure links away from Moscow has increased amid tightening economic sanctions. 
• Over the long term