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• The European Union has pinpointed Sustainable Aviation Fuel (SAF) as a crucial component of its strategy to make aviation greener. 
• Despite the EU and many of its member states setting ambitious goals, substantial hurdles remain, particularly the cost difference between SAF and conventional jet fuel.
• The EU's SAF industry is heavily dependent

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

Latest Development: Several unrelated announcements focused on Brazil highlight the need for increased connectivity in rural areas to support and promote increased efficiency and productivity in primary industries such as agriculture. Satellite operator Intelsat is working with agriculture and infrastructure machinery vendor CNH, whereas Embratel

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• Sri Lanka’s economy returned to growth in Q323, and we think that output will rise by 4.0% in real terms in 2024. We have revised this forecast upwards following strong activity data in Q1 2024. 
• The recovery will be driven by rising household spending, increased manufacturing output, and a recovering tourism sector. 
• While we think that

Key View: In 2024, we expect Mexican consumer spending to slow but remain positive, driven by easing inflation, reduced interest rates, and a resilient labor market. Consumer confidence is at a post-Covid high, underpinning solid spending above pre-pandemic levels, despite signs of stagnation in retail sales growth. Slight increases in unemployment

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• We have lowered our forecast for Saudi Arabia's 2024 GDP growth from 2.4% to 2.1% due to a sharper than expected slowdown in the non-oil economy, as seen in Q1 2024.
• Oil production will normalise in 2024, putting headline growth in positive territory in the second half of the year, after a significant contraction in 2023 due to OPEC+

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• We anticipate that Iceland's economy will expand by 1.5% in 2024, a slight decrease from our previous forecast of 2.0%, and by 3.1% in 2025 (previous forecast: 2.6%). 
• Whilst disinflation will support an expansion in real wages this year, the private consumption outlook will continue to be weighed down by tight monetary conditions for some

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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