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• Following a 50 basis-point hike in February, we expect the Central Bank of Kenya (CBK) to keep the policy rate on hold at 13.00% over Q224-Q324, before cutting to 12.50% by year-end.
• Inflation will remain high over the first half of the year but will moderate sufficiently by the last quarter, allowing for the CBK to begin monetary

The Latest: On January 31 2024, the Embassy of Indonesia held the India-Indonesia Business Forum 2024. This event was aimed at promoting economic relations and nurturing growth and success for both countries. The forum focused on attractive and potential sectors for collaborations including pharmaceutical, consumer goods, transportation

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• We now forecast the Icelandic economy to grow by 2.0% in 2024 (down from 2.5%), marking a slowdown from an estimated growth rate of 2.9% in 2023.
• Private consumption will gain momentum this year as it receives tailwinds from real wage growth and continued population growth.
• Downside risks to our forecast have increased as domestic

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• West Africa has risen to the top with floating LNG projects emerging from concept to reality across the gas-rich region.
• Congo FLNG is expected to begin LNG exports early in 2024 through the redeployment of the Tango FLNG vessel.
• Nigerian FLNG projects are have come to life with progress reported on early stages across multiple

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• Merck’s Q423 and FY2023 financial results highlight the continued importance of Keytruda (pembrolizumab) sales for the company’s revenues.
• Recent regulatory approvals in new indications and earlier lines of treatment for certain cancers will support Keytruda's growth momentum over the short-to-medium term.
• Merck will continue its

Key View: Morocco’s tourism arrivals will expand in 2024, building on the market’s ability to recover to its pre-pandemic arrival (2019) levels in 2023. Over the medium term (2024-2028), a projected an annual growth of 4.4% will be supported by the government’s 2023-2026 Tourism Strategic Roadmap.

BMI forecasts Morocco’s arrivals to grow by

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• Russian LNG exports continue to be in high demand though new US sanctions targeting the Arctic LNG 2 expansion project could dent growth expectations.
• The first train at the Arctic LNG 2 development defied expectations with Novatek reporting that start-up was achieved, and first cargoes are due in early 2024.
• The planned Murmansk

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• In recent weeks, a series of farmer-led protests has cascaded through numerous EU member states, including Italy, Poland, and Germany. While the issues at the fore of each protest are context-specific, the underpinning grievances are consistent: concerns over the influx of low-cost imports, climbing input costs, inefficiencies with

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• In 2024, we forecast that growth will be robust at 4.0% as oil production will increase and strong investment in the hydrocarbons sector will continue.
• Private consumption will provide tailwinds to real GDP growth, supported by a sustained disinflationary trend.
• In 2025, we expect private consumption and continued fixed investment

Key View 

• Our outlook for Sub-Saharan Africa’s LNG supply remains bullish with robust growth forecasted for the region’s legacy producers and encouraging progress made in countries debuting in the LNG market for the first time.
• Many countries in this region have untapped gas reserves which offer significant upside risk for further growth, if