Articles

Key View

• We have become increasingly upbeat in our outlook for Argentina's crude oil production, as shale oil production outperforms.
• In 2023, crude oil production grew by 8.7% y-o-y, surpassing our forecast of 6.2% y-o-y, primarily due to stronger-than-expected performance in Q423. We observed a shift in the upstream market dynamics in 2023

On January 31 2024, we hosted a webinar titled 'Autos Key Themes For 2024: Challenges Ahead As The Industry Evolves' where we covered the key themes that we expect to play out in the Autos industry in 2024, as industry players look to balance decarbonisation goals with difficult financial conditions, while also mitigating supply chain and trade

Key View: Over 2024, we hold a positive outlook for consumer spending in Botswana. Controlled prices pressures and real economic growth will provide tailwinds to this outlook, while a tighter labour market will further boost household purchasing power. High frequency data indicates that consumer activity is being buoyed by economic tailwinds

The Latest: The Croatian National Tourist Board has launched a promotional campaign in Germany, Austria, Belgium, the UK and Switzerland to promote early travel bookings in Croatia over 2024 (the campaign was launched in December 2023 and will run until February 2024 ). The marketing initiative will allow Croatia to promote its tourism product

Key View

• We expect growth in Libya will moderate from an estimated 19.5% in 2023 to 9.5% in 2024, in part due to less favourable statistical base effects.
• Robust growth will be sustained by a gradual increase in oil production and exports, with oil sector revenues supporting growth in public spending and investment.
• Risks remain tilted to

Key View

• While the agreement on the Ukraine Facility demonstrates that the EU can overcome its internal divisions to address a key challenge, ongoing support for Ukraine will continue to be marred by infighting within the bloc.
• As US funding retreats, the EU’s Ukraine Facility will do most of the heavy lifting in meeting Ukraine’s financing

The Latest: On January 31 2024, Biogen announced it will be discontinuing Alzheimer’s disease drug Aduhelm (aducanumab-avwa) by returning it to Neurimmune, its original owner, for a one-time charge of USD60mn. Biogen licensed Aduhelm from Neurimmune in 2007 under a collaborative development and license agreement. Aduhelm received FDA accelerated

Key View: In January 2024, Marriott opened its St. Regis Red Sea Resort in Saudi Arabia. The new resort, which features 90 villas and is targeted at luxury travellers seeking leisure and relaxation in a beach resort, highlights the continued investment and commitment by international hotel chains into the kingdom’s tourism investment drive. The

Key View

• We now expect that Saudi Arabia's current account surplus will remain stable at 5.6% of GDP in 2024, marking a downward revision from our previous forecast of 7.6% of GDP due to lower-than-anticipated oil production and growth in services exports.
• Oil exports will support the surplus due to an increase in energy prices in 2024, while