Articles

Key View: The continued decline in global battery costs and rising EV production in India will drive passenger EV sales to grow by 13.7% y-o-y in FY2024 and by 27.8% y-o-y in FY2025. We expect Tesla's arrival in late 2024 or early 2025 to boost the Indian EV market, given the strong pent-up demand for the brand. This could also lead consumers to

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• We expect that technological advancements will remain a top priority for mining companies in the coming years, with industry players seeking new innovative ways to secure a competitive edge in the market. 
• The technological landscape within the mining industry is poised for transformation in the near future, with the emergence of advanced

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• We forecast 2024 real GDP growth of 2.7% in French Polynesia, down from an estimated 3.4% in 2023, as the tourism-led recovery loses some momentum.
• We expect tourism will remain an important driver of growth, while moderate inflation and easing monetary conditions will support consumption and investment activity.
• Risks to our growth forecast

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• We now forecast real GDP growth of 4.1% in Papua New Guinea in 2024, down from our previous forecast of 4.4%.
• While a recovery in mining exports will drive an acceleration in growth, elevated political instability, renewed inflationary pressures and tighter monetary conditions remain headwinds to domestic demand.
• Risks are skewed to the

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• We expect the National Reserve Bank of Tonga (NRBT) to adopt a broadly neutral monetary policy stance over the coming quarters.
• We forecast that inflation will ease from an average 6.4% in 2023 to 4.5% in 2024, below the NRBT's reference rate of 5.0%, while growth is likely to remain relatively subdued.
• We note risks that a renewed increase

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• We are revising our Chilean GDP growth forecast upwards from 1.8% to 2.7%, which will strongly outpace 2023’s marginal 0.2% expansion.
• Strength in copper exports and a rebound in domestic demand will drive growth over the coming quarters.
• Risks to our forecast are tilted slightly to the downside as the Banco Central de Chile may make fewer

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• The introduction of an hourly minimum wage requirement in the Netherlands in January 2024 will reduce labour cost pressures for employers. The new rate replaces the daily, weekly and monthly minimum wage requirement.
• While the overall wage is still relatively high, the Netherlands will remain an attractive market for employers due to high