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• We expect conventional thermal power to remain South East Asia's largest power sector over the coming 10 years despite formalised ambitions and commitments by markets to reduce the dependence on fossil fuels.
• The sub-region's markets are confronted with the issue of energy security, with intensified climate impacts and tight fossil

The Latest: On January 17 2023, the European Parliament adopted a set of rules to ban misleading claims and greenwashing, to protect consumers against unfair practices, such as greenwashing or early obsolescence. The new law will include a ban on generic environmental claims such as ‘environmentally friendly’, ‘natural’, or ‘eco’ unless companies

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• We anticipate that Uganda’s deposit growth will increase slightly from 13.3% y-o-y at end-2023 to 14.0% at end-2024. We also think that client loan growth will increase from 8.5% to 12.0% over the same period.
• Higher capital requirements – which will come into effect in June – will once again be a key concern facing banks in 2024.
• W

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• We forecast that Zambian real GDP growth will accelerate from an estimated 3.5% in 2023 to 4.8% in 2024.
• While improving investor sentiment and higher copper prices will support fixed investment growth, elevated inflation and tight credit conditions will weigh on private consumption.
• We forecast that in 2025, economic growth will

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• The latest figures suggest that EMs performed well in late 2023 with activity holding up, consumer sentiment strong and inflation slowing.

• We expect, however, that growth will slow in 2024 in most parts of the EM world.

• While inflation will continue to ease, slower growth in DMs will create significant headwinds that will

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• As we expected, Bernardo Arévalo was sworn in as president of Guatemala, overcoming efforts by Guatemala’s political and legal establishment to block him from taking office.
• Entrenched opposition to his anti-corruption agenda and his Movimiento Semilla’s small share of seats in Congress suggest Arévalo will face obstacles to his

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• GE HealthCare’s agreement to acquire MIM Software will support the company’s digital transformation strategy. 
• Mergers and acquisitions will become a key feature of GE HealthCare’s digital transformation strategy as the company aims to expand its digital capabilities and precision care offerings.
• Radiology will continue to dominate

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• The development of hydrogen infrastructure continues to be a prominent strategic aim for authorities amid the low-carbon energy transition, with European utilities and governments among the most advanced globally regarding on-land development efforts.
• The visibility of hydrogen demand, or lack of it, remains the overarching

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• Sri Lanka’s economy returned to growth in Q323, and we think that output will rise by 3.5% in real terms in 2024.
• The recovery will be driven by rising household spending, a recovering tourism sector, and increasing investment spending.
• While we think that growth will accelerate in 2024 and 2025, output per person will not recover

The Latest: On January 15, Peru’s statistical agency (INEI) released economic activity data that showed the economy grew 0.3% y-o-y (0.8% m-o-m) in November compared to the dismal -0.8% y-o-y in October. With Peru still deep in recession, this was the first-time economic activity was in positive territory in y-o-y terms since April (see chart