Articles

Please Note: BMI is enhancing its risk analysis with a new scoring system following 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 the highest, for clearer, industry-standard assessments. For further details, please refer to our

Key View

• The Egyptian Drug Authority (EDA) will increase medicine prices, as a response to ongoing macroeconomic headwinds weighing on domestic drugmakers.
• High Out-Of-Pocket payments and reduced household spending power will erode Egypt’s pharmaceutical market value in real terms. 
• In 2024, the generic drug market share will reduce

Key View

• We forecast that GDP-weighted growth in European banking sector assets will come in at 3.8% y-o-y at end-2024, and 4.8% at end-2025. This compares with estimated growth of 4.8% at end-2023.
• Asset growth will slow in 2024 as the lagged impact of rate hikes continues to filter through to lending activity across the region. Higher

Key View: The extension of Spain's MOVES III incentive scheme until July 2024, offering tax benefits and purchase incentives, in conjunction with upgrades to the local EV charging infrastructure, will encourage Spanish consumers to shift from ICEs to EVs in 2024. We expect the growth rate in Spain's passenger EV segment to significantly exceed

Key View

• We expect that real GDP growth in Botswana will accelerate to 5.0% in 2024, from an estimated 2.7% in 2023.
• Relatively stable energy prices will see inflation fall, boosting private consumption.
• An expected recovery in global diamond prices will prompt diamond traders to resume sales in 2024, providing tailwinds to exports.

We

Key View

• Colombia-based Ecopetrol is set to enter a drilling spree in 2024 as the state-backed company seeks to take advantage of recent hydrocarbon discoveries and preserve the lifelines of its existing assets.
• This investment comes at a crossroads for Colombia’s oil and gas industry, with the incumbent Petro administration so far holding

Latest Development: On April 1 2024, Smith+Nephew (S+N) launched the Renasys Edge Negative Pressure Wound Therapy (NPWT) System in the US, a device that significantly advances the home-based treatment of chronic wounds in the US. NPWT devices are wound dressing systems that continuously or intermittently apply sub-atmospheric pressure to the

Key View

• We expect limited social stability and policy continuity risks following Bassirou Diomaye Faye’s decisive victory over the incumbent-backed Amadou Ba in Senegal’s presidential election, held on March 24.
• Despite the upcoming presidential handover, we do not expect any drastic policy shifts as the opposition coalition lacks

Key View

• We forecast that Mauritian real GDP growth will slow to 4.5% in 2024, from an estimated 6.5% in 2023. We have revised up our 2023 estimate, after Statistics Mauritius published the nominal growth outturn of 7.3% y-o-y in Q4 2023, up from 5.3% in Q3 2023. 
• We expect that construction sector growth will drive economic activity in

Key View

• Despite the election of the KO-led government in December 2023, the Polish political risk environment is likely to remain strained as the government faces significant obstacles in delivering its election pledges.
• Reversing reforms made to critical Polish institutions by the previous PiS government will prove challenging