Articles

Key View

• The measures proposed by the Ministry of Health will strengthen Kuwait’s pharmaceutical resilience and prevent medicine shortages.
• However, Kuwait will continue to lag behind neighbouring markets in the development of its pharmaceutical sector.
• The Kuwait’s high dependence on the oil sector and unstable political scene will continue

Key View: Central and Eastern Europe has some of the most expensive residential real estate markets from an affordability prospective, with the Czech Republic and Hungary having some of the highest house price-to-income ratio in the region. The lack of affordability will mean that consumers will look to update their homes through smaller ticket

Key View

• Leading mining economies depend greatly on Mainland Chinese critical mineral demand in the same way major economies like the US and the EU rely heavily on Mainland Chinese critical mineral supply.
• Despite the risks associated with heavy dependence on a single export market, we do not see this as a major threat to mining nations given

Key View: North America's consumer electronics market, though mature, remains lucrative with significant levels of household spending. Growth is being driven by e-commerce, technological advancements, and the introduction of 5G, which spurs demand for new, faster devices. As preferences evolve, spending shifts from traditional items to innovative

Key View

• We expect that Cameroonian political risks will remain high in the coming years, largely driven by insecurity in the Far North, Southwest, and Northwest regions.
• This insecurity will weigh on food supply across the country, with 8.1% of the population already classified as 'forcibly displaced'.
• We continue to flag rising risks of

Latest Development: As we had expected, Al Maghrib (BAM) kept its benchmark policy rate at 3.00% for the third consecutive quarter on 19 December. Meanwhile, on December 20, the Haut Commissariat Au Plan released figures showing that inflation decelerated from 4.3% y-o-y in October to 3.6% in November.

Latest Development: The attacks on shipping around Yemen in the second and third weeks of December 2023, have resulted in several freight operators and shippers suspending operations on routes passing Yemen and the Red Sea, while maritime shipping rates have already increased. Indeed, Maersk, BP and Evergreen are among a growing list of companies

Key View

• At the 28th global climate summit, COP, 100 markets pledged to triple global renewable energy capacity by 2030, as such we expect strong growth for non-hydropower renewables as well as manufacturing supply chains, battery storage and grids as secondary beneficiaries.
• In contrast global thermal power will see further contraction as

The Latest: On December 14 2023, Reuters reported that medicines in Nigeria had increased up to 10-times since June 2023, placing a significant strain on the country's healthcare system. The steep rise in prices came after the Nigerian government removed currency controls, which led to a significant devaluation of the naira and subsequent

Key View

• EM growth seems to have been mixed in Q323, but more timely activity and survey data point to conditions strengthening at the end of the year.
• Inflation continued to ease in late 2023. In 2024, we think that slower inflation and a dovish pivot by the US Fed will prompt most EM central banks to loosen monetary policy.
• Even so, we