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• In line with USDA projections, we forecast that Cambodia’s domestic rice production surplus will climb to a record 2.84mn tonnes in the MY2024/25 (Jan-Dec) season. Output is expected to increase to an all-time high of 7.40mn tonnes while consumption is seen rising to 4.56mn tonnes. Since MY2015/16, Cambodia has by some margin achieved the

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• In line with our Global team’s view of the Fed’s monetary policy, we think that the Central Bank of the UAE (CBUAE) will gradually cut the base rate to 4.65% by end-2024 starting in July. Risks of delayed rate cuts are high.
• Stubbornly robust increase in rent prices prompted us to revise up our 2024 forecast for Dubai’s average inflation

Key View

• We anticipate that the Reserve Bank of New Zealand (RBNZ) will lower the policy rate by 50 basis points (bps) in 2024, starting in Q424. 
• Inflationary pressures are showing signs of easing. However, we believe the RBNZ will want to see inflation closer to its 1.0-3.0% target before starting its loosening cycle.
• The risks to our policy rate

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• The Gulf Corporation Council markets will continue to have the lowest electricity prices in the MENA region, due to large energy subsidies.  
• We expect residential users to pay higher prices than industrial and commercial users over 2024 as MENA governments prioritise economic growth, competitiveness, and job creation.
• Oman is expected to

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• Canada’s medical devices market is set to expand faster than the wider economy due to an expansive government federal budget and a renewed commitment to investing in Canada's healthcare system. 
• Canada will remain reliant upon medical device imports for the mid-term while it continues to implement its Biomanufacturing and Life Science

Key View

• The Dutch economy contracted by 0.1% q-o-q in Q124, according to the first estimate.
• We maintain our view that the gradual recovery of private consumption will be the main driver of growth in 2024.
• We maintain our expectation of a small yet positive contribution of gross fixed capital formation (GFCF) to headline growth.

The Dutch economy

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• We anticipate that the Nordic countries will increasingly pursue cross-border partnerships to develop the local pharmaceutical industry and secure medicine supply. 
• A harmonised procurement approach across the Nordics is expected to result in competitive pricing and increased access to medicines, including high-cost advanced therapies.
• The

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• Orthopaedic companies recorded growth again in Q1 2024, driven by smaller companies.
• Elevated procedure volumes continue to drive revenue growth for orthopaedics companies which are working to prevent supply constraints. 
• Some companies reported that they are increasingly investing in shoulder devices given the market has strong growth

The Latest: On May 2 2024, the Spain-based hospitality company Riu Hotels and Resorts opened a new resort in Trelawny, Jamaica. The Riu Palace Aquarelle resort is located in the town of Falmouth and will be Riu Hotels' seventh property in the market. The new resort will offer 753 all-inclusive rooms and amenities such as restaurants, swimming pools