Articles

Key View

• We forecast that real GDP growth in Trinidad and Tobago will come in at 2.0% in 2024, up from our 2023 estimate of 0.7%.
• The acceleration will be driven by robust expansion in domestic demand thanks to falling unemployment, stabilising inflation and strong growth in public spending.
• Meanwhile, net exports will benefit from an

Key View 

• Data centre hyperscalers are shifting their focus toward powering their infrastructure with nuclear energy.
• In particular, Small Modular Reactors (SMRs) are gaining popularity due to their scalable clean energy output and safety features, which are considered superior to those of larger-scale projects.
• Our Power team highlights

Key View

• Further dismissals of lawsuits targeting the Inflation Reduction Act (IRA) will continue to pose downside risks to drugmakers in the US.
• Negotiations will set a precedent for drug pricing, as drugmakers present counter offers to Centers for Medicare and Medicaid Services (CMS). 
• Drugmakers and relevant stakeholders implicated in

Key View  

• Germany's medical devices market will experience steady growth and will remain one of the most attractive medical devices markets worldwide despite ongoing macroeconomic constraints. 
• Germany will remain one of the world’s most innovative medical device manufacturing economies, supported by an expanding rate of medical device

Key View

• The parties in Germany’s ruling coalition face an uphill battle to regain lost support following the economy’s contraction in 2023 and recurrent policy infighting. 
• Following the fallout from complications surrounding the 2024 budget, we forecast that upcoming negotiations for the 2025 budget will reopen rifts within the coalition

Key View

• South African citrus exports decreased by 11.2% y-o-y from 2.6mn tonnes in 2022 to 2.3mn tonnes in 2023. In this piece, we look at the main factors behind the decline affecting the world’s second largest exporter of citrus fruits.
• The South African Citrus Growers’ Association has identified the worsening of the country’s

Key View

• New Zealand’s initiative to fast-track medicine approvals will drive commercial opportunities for drugmakers.
• The new time limits for approvals will help to correct historical lags in market access and incentivise drugmakers to launch products in New Zealand.
• While the government remains keen to widen access to patented

All developed market (DM) central banks that met in February opted to leave monetary policy settings unchanged. In contrast, their emerging market (EM) counterparts were divided: while some chose to lower their policy interest rates further, an equal number decided to implement tighter monetary policy. For 2024, we maintain our view that DM

Latest Developments: TowerCo of Africa Uganda (TowerCo Uganda) has secured USD40mn from European investors to expand rural mobile coverage. The investment will fund 506 new telecom towers to alleviate network congestion and fill coverage gaps in under-served areas.

This development is a positive step forward for Uganda's digital

Core View

• We continue to view the presidential election as a toss-up. As the incumbent with a strong economy, President Joe Biden has a structural advantage. However, Donald Trump leads in the national polls and in most of the key swing states (Arizona, Georgia, Michigan, Nevada, North Carolina, Ohio and Pennsylvania).
• We anticipate that