Articles

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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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• The global oil and gas capital expenditure growth is expected to sharply decelerate from 2024 onwards compared with the levels seen between 2021 and 2023. Companies will become more cautious in spending amid growing market uncertainty and softening energy prices as they broadly continue to prioritise value over output growth.
• MENA

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• In 2024, we expect to see only slight improvement to mineral and metal prices due to weak demand in Mainland China and a subdued outlook for other major markets with global growth decelerating from 2.6% in 2023 to 2.1% in 2024.
• Heightened concerns over critical mineral resource security in major economies will continue to drive the

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• Over 2024, we expect a surge in grid investments as markets work to meet the transmission needs of growing non-hydro renewable capacities, with a focus on large scale projects and renewable interconnection.
• We believe that the preference for solar will intensify over 2024, further pushing solar's lead up when compared to wind as the

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• The US Bureau of Industry and Security has amended the technical and geographic scope of its export controls on semiconductors and related equipment towards 17 new emerging markets across Central, South East Asia and the Middle East & North Africa region. 
• In our view, emerging markets, which have been identified as a technological

Latest Developments: Market-leader OneComm has launched its 5G mobile network in Bermuda in November 2023, with newcomer Paradise Mobile expected to follow up with its respective launch by early December. Our view is that Paradise’s entry to the market will both capture some market share and improve Bermuda’s Internet of Things (IoT) ecosystem.

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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

Key View

• 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