Articles

Latin America's regional growth rate will decelerate in 2024, with Central America seeing the sharpest slowdown due to its reliance on the US. Several central banks in the region already began cutting rates in 2023, ahead of the US Federal Reserve, and interest rates will continue to fall across Latin America in 2024, though at a gradual pace. A

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• In 2024, grains price declines will slow, with rice somewhat of an exception due to India's trade restrictions and El Niño anxieties, while markets will remain comparatively tight, rendering prices susceptible to upward momentum-driven runs on adverse supply-side developments.
• Considering its profound effect on agricultural soft

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• Digital transformation of industries and societies is already underway, but 2024 will see a marked acceleration in this process as disruptive technologies -particularly AI - create opportunities for new services, applications and solutions.
• New business models will be needed to fully exploit the potential of digital transformation

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• We forecast that 2023 will end off with the solar power sector leading in capacity additions compared to other non-hydropower renewables types. This is supported by the segment’s cost dynamics, making it the lowest-cost renewables technology.
• For the long term, we expect non-hydropower renewables to grow strongly, supported by

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• Health expenditure growth in developed markets and major emerging markets is expected to slow slightly in 2024, but moderately higher growth is forecast in secondary emerging markets.  
• In 2024, healthcare topics will have reduced prominence in elections and political events compared to recent years, due to the emergence of more

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• The medical devices market in Bahrain will grow by single-digits CAGR over 2022-2027, supported by growing healthcare expenditure and expanding healthcare access.
• We expect uptake of digital health technologies and evolving demographics will support increased demand for medical device products, with diagnostic products benefiting the

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• In 2024, consumers will remain cautious due to easing but still-high inflation, leading them to focus their spending toward essential items and smaller quality-of-life purchases, rather than large-ticket items.
• Purchasing power is expected to improve slightly year-on-year due to tight labour markets, and its impact on real wage

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• The food and drink sector will remain resilient in 2024, as the global consumer continues to focus on meeting their essential needs.
• Mass grocery retailers are predicted to revamp their loyalty schemes to provide benefits bundling, diversified rewards and convenience, in response to consumers desiring more than just discounts.
• We

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• We cut our 2023 estimate for Qatar’s real GDP growth from 2.1% to 1.0% after Q223 growth surprised to the downside. 
• In 2024, we expect that growth will rebound to 2.0% as stronger investment as well as private and public consumption will drive a recovery in the non-oil sector, while growing hydrocarbon output will support goods