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• We forecast that Kenyan growth will remain strong at 5.5% in 2024, broadly in line with the 2023 outturn of 5.6% (a revision from our previous estimate of 5.5%), following the release of Q4 2023 data that was broadly in line with our expectations, and upwards revisions to previous quarters.
• Growth in 2024 will be driven primarily by private

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• Thailand's public and private health expenditure will grow over our five-year forecast period, driven by the adoption of digital health technologies, medical tourism and an ageing population.
• Thailand will continue to integrate digital health solutions into its healthcare system to strengthen preventative care and manage its growing chronic

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• We have raised our real GDP growth forecast for Russia from 2.9% in 2024 to 3.4%. This would mean that compared to 2023, the economy will now only be slowing modestly from 3.6%. 
• Our new forecast follows the solid performance of the economy in Q124 when it outperformed expectations and grew by 5.4% year-on-year. 
• Risks to this view are

The outlook for the global economy has remained relatively unchanged since last month, and we continue to forecast global growth to come in at 2.4% in 2024. Although this marks a slowdown from the 2.6% registered last year, it is higher that our January projection of 2.1%, reflecting the relative resilience of the global economy. The revised

Latest Development: On May 19 2024, armed men attacked numerous locations in the Democratic Republic of the Congo (DRC)’s capital, Kinshasa, in an apparent coup attempt. The locations included the Palais de la Nation (where the president is based), and the residence of Vital Kamerhe, a close ally of President Felix Tshisekedi and the likely future

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• Singapore's LNG imports are set to rise as the country prepares to build a second import terminal.
• LNG demand is set to grow further in 2024 and beyond as Singapore’s government seeks to achieve carbon emission reduction targets.
• LNG bunker sales in the short term are expected to grow faster compared to other sectors.
• Given its well

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• The announcement by Chile’s Ministry of Public Works of a USD17.6bn portfolio of concessions projects highlights continued government support for infrastructure concessions in line with longstanding policy and points to ongoing tender opportunities in Chile for infrastructure firms.
• Progress on the MOP’s concessions portfolio is likely to

Key View: We project arrivals to Kazakhstan to increase over 2024, following a full recovery to pre-pandemic (2019) levels in 2023. Over the medium term (2024-2028), we forecast Kazakhstan’s arrivals to continue to expand with growth driven by key source markets in the Central Asia region and supported by Kazakh Tourism’s increased marketing

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• Brazil has been hit by severe floods in recent days, with the southern state of Rio Grande do Sul experiencing its wettest May in over 60 years. 
• For now, we continue to believe that Brazil can hit our 2.1% average annual GDP growth target for 2024. However, risks are increasingly skewed to the downside. 
• The floods could knock upwards of 0

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• We forecast real GDP growth of 2.1% in the Cayman Islands in 2024, down from estimated growth of 3.4% in 2023.
• Economic growth will be driven in the main by recovering private consumption, supported by lower inflation, as well as the robust performance of the tourism sector.
• Base effects, weak investment, and low government spending will