Articles

Key View: We hold a positive outlook for consumer spending in Thailand over 2024, as the wider Thai economy recovers and growth figures return to a more stable medium-term trajectory. High-frequency data indicate that consumer confidence has reached a 45-month high, suggesting that consumer spending on big-ticket items will be more likely, as the

Key View

• The AVMA will significantly boost Africa's self-supply of vaccines in the long-term.
• The AVMA will enhance pandemic preparedness and address life-threatening diseases in the region.
• The approval of the AVMA, alongside trade harmonisation will transform the pharmaceutical landscape.

The African Vaccine Manufacturing Accelerator

Key View

• The conclusion of the presidential election will allow the Egyptian authorities to successfully negotiate a new IMF programme, likely in Q124.
• We reiterate our belief that the negative implications of the Israel-Hamas war on the Egyptian economy and Cairo’s role as a mediator in the conflict will catalyse increased foreign financial

The Latest: On December 04, the Botswanan government announced that it would be extending and expanding import restrictions on fresh produce. The policy was initially implemented in December 2021 to bolster local production and reduce Botswana’s reliance on imports for food products. While the restrictions were intended to last for two years

Editor's Note: This article is an update of an article published on November 28 to factor in the additional supply cuts announced by OPEC+ on November 30.

Key View

• We forecast the UAE’s real GDP growth will pick up from an estimated 3.1% in 2023 to 3.8% in 2024, driven by stronger growth in Abu Dhabi. Ongoing progress on diversification

Key View

• Malaysia’s upstream sector is gathering momentum as investors commit to exploration and production investments.
• New PSCs are providing the impetus for increased investments in Malaysia’s upstream exploration and production.
• Accelerated upstream exploration efforts are contributing to new discoveries and reserves.
• The outlook for

Key View

• Healthcare leaders will advance sector decarbonisation by facilitating access to renewable power in Mainland China and India’s supply chains.

• Scope 3 emissions remain a challenge for pharmaceutical companies in their path to net-zero.

• International cross-sector cooperation will be necessary to monitor and control Scope 3

Latest Development: The European Union has agreed on a new bloc-wide cybersecurity regulation, the Cyber Resilience Act (CRA), which mandates stricter cybersafety standards for manufacturers of smart devices, including the obligation to provide security updates for at least five years. The regulation is set to reshape competition and near-term

Key View

• The Reserve Bank of India kept its monetary policy settings unchanged at its December meeting, as was widely expected.
• While a renewed rise in food prices means headline inflation should pick up through year-end, we do not think that will prompt the Bank to hike at its next meeting in February 2024.
• We still expect rate cuts in Q2

Key View

• We forecast that Ugandan real GDP growth will slow to 4.6% in 2023, from 6.4% the previous year.
• The slowdown will be caused by a contraction in government consumption, alongside a deteriorating outlook for net exports, primarily caused by strong demand for imported consumer and capital goods.
• Growth will accelerate to 5.8% in 2024