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Latest Development: On May 2, the Planning and Statistics Authority (PSA) published preliminary GDP figures showing Qatar’s real GDP growth at 1.2% y-o-y in Q3 2023. The hydrocarbon sector expanded by 2.3% y-o-y, while the non-oil economy grew by 0.6% y-o-y compared to the same quarter in 2022.

Forecast Implications: Although growth in the

Key View: Over 2024, we expect an increase in the total tourist arrivals to Greece, with growth building on a full recovery to pre-Covid (2019) levels in 2023. Over the medium term (2024-2028), we forecast arrivals to continue expanding in line with increased arrivals from traditional and emerging major source markets for arrivals. Tourism

Key View

• President Luiz Inácio Lula da Silva (Lula) remains in a tricky position with regard to pursuing his policy goals, with Congress likely to remain gridlocked until after the municipal elections scheduled for October. 
• These elections will serve as an important test of national parties’ support. A poor performance for Lula’s Partido dos

Key View

• Following a predicted expansion of the Polish macroeconomy, we anticipate that both public and private healthcare sectors in Poland will experience robust growth.
• The utilisation of private healthcare services in Poland is expected to continue its upward trend, as an increasing number of individuals opt for a combination of public and

Latest: Under the direction of the Economy Ministry, the Banco Central de la República Argentina (BCRA), has enacted two interest rate cuts to the benchmark policy rate, totaling 20 percentage points. First from 70% to 60% on April 25 and then again to 50% on May 3. In its press release, the BCRA stated that the move was based on ‘rapid adjustment

Key View

• The Czech National Bank (CNB) cut rates by 50bps to 5.25% on May 2 2024, as we had expected, while adopting a less dovish tone. This has prompted us to keep our end-2024 policy rate forecast unchanged at 4.25%.
• A firmer recovery in economic activity in 2024, which will drive higher inflationary pressure from H224, underpins our more-hawkish

Key View:

• Governments across the Asia-Pacific (APAC) region will continue to prioritise the enhancement of their pharmaceutical sectors as a critical component of state policy.
• Investment will be specifically devoted to improving market access and intellectual property (IP) barriers.
• Despite reforms, the region still lags behind developed markets

Key View

• The European Union has pinpointed Sustainable Aviation Fuel (SAF) as a crucial component of its strategy to make aviation greener. 
• Despite the EU and many of its member states setting ambitious goals, substantial hurdles remain, particularly the cost difference between SAF and conventional jet fuel.
• The EU's SAF industry is heavily dependent

Please note: BMI is enhancing its risk analysis with a new scoring system following its acquisition of GeoQuant, a market-leading provider of political risk data. From March 27 2024, risk scores are inverted: zero now represents the lowest risk and 100 represents the highest risk. This allows for clearer, industry-standard assessments. For further