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• Ethiopia’s banking sector is in good financial health, underpinned by a strong economic environment, which will support banks in the coming years.
• The findings from the latest stress tests suggest that the Ethiopian banking sector is generally stable, but there are vulnerabilities.
• The latest Financial Stability Report highlights a number of

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• Colombia's medical devices market will grow at a single-digit growth rate in the medium term, limited by falling inflation.
• Strategic investments will enhance Colombia's medical device market, driving diagnostic imaging and consumables.
• Despite increasing medical device imports to Colombia in 2023, efforts to reduce import reliance will

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• We expect that the Central Bank of Egypt will hold its overnight deposit and lending rates at 27.25% and 28.25% respectively until end-2024 mostly due to receding FX risks and slowing inflation.
• We think that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025

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• We have revised down our 2024 growth projection for Zambia from 5.0% to 4.7%, on account of persistently low rainfall, which has led to widespread crop failures and the imposition of loadshedding by ZESCO, the state-owned power company.
• That said, weakness will be very much concentrated in H1 2024, with inflationary pressures expected to

Latest Development: As of March 2024, planned vehicle and tractor production capacity in Tanzania reached around 5,500 units and 8,000 units respectively over 2024-2028. This follows the Q423 announcement from Mahindra & Mahindra to assemble light vehicles locally and expand production capacity at Saturn's plant.

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• Slovenia will continue to grow as a regional hub for pharmaceutical manufacturing.
• Pharmaceutical trade in Slovenia will continue to outpace sales in the market.
• However, drugmakers in Slovenia will face headwinds due to geopolitical and economic risks.

Slovenia will continue to grow as a regional hub for pharmaceutical manufacturing. On

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• Sweeping cost containment strategies will present headwinds to Switerland’s pharmaceutical landscape.
• Switzerland's aging population will continue to necessitate government efforts to balance high healthcare costs.
• Recent policy shifts will drive increased uptake of generic and biosimilar drugs, supporting market growth in these segments.

Swee

Short-Term Outlook

The Omani market for personal care and effects is forecast to grow 3.8% y-o-y reaching OMR410mn (USD1.1bn) in 2024. This positive outlook is supported by a consistent upward trend in spending, indicating a resilient demand for personal care and effects products. In 2024, the per household expenditure on these items is expected to

The Latest: In April 2024, Radisson Hotel Group opened the Pramod Lands End Resort in Gopalpur, which is a coastal town in Odisha, India. Pramod Lands End Resort is part of the Radisson Individuals offering which are uniquely designed luxury hotels. The beachfront hotel has 100 rooms, which include suites and villas with private room access. Its

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• We now expect that the Banco Central do Brasil (BCB) will cut its policy rate from 10.50% to 9.50% by year-end (9.25% previously), with economic resilience and uncertainty surrounding the government’s fiscal policy stance set to see the central bank adopt a slightly less hawkish stance.
• The BCB lowered its policy rate by 25bps at its May 8