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Latest Development: Preliminary results released by the Commission Electorale Nationale Indépendante (CENI) on November 20 showed that incumbent Malagasy President Andry Rajoelina of the Tanora MalaGasy Vonona party (TGV) is on course for a decisive first-round victory amid historically low voter turnout, following elections held on November 16 (

Key View

• The global wind industry's demand for industrial metals will grow 45% over the next decade, increasing from 12.7mnt in 2023 to 18.4mnt in 2032 amid capacity expansion and the growing size of turbines. 
• We expect copper to see the sharpest demand growth with consumption in 2032 increasing 60%, 106% and 157% across our metals demand

Key View

• We have raised our 2024 real GDP growth forecast for Venezuela from 3.7% to 5.8%, due to the temporary lifting of US sanctions on the oil sector.
• This will allow an expansion in oil production and export revenues, which will in turn help the government ramp up public spending while also keeping a lid on inflation.
• While we expect

Latest Development: Mobile network operators (MNOs) active in Indonesia’s telecoms market have partnered with the Ministry of Communication and Informatics (MCI) to deliver new incentive proposals to accelerate 5G deployment. Our view is that profitability boosts are unlikely to be obtained by amending regulatory charges surrounding the Non-Tax

The Latest: On November 3 2023, Sedar Global, a UAE-based retailer of luxury household textiles, expanded its presence with two new store openings in Al Malqa, Riyadh, Saudi Arabia and Reem Mall, Abu Dhabi, UAE. The new locations, which bring the total number of Sedar outlets to over 30 across 11 countries, offer a range of design options

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• We have maintained our forecast compound annual growth rate (CAGR) for Japan’s medical devices market and project that the market will grow by a 2022-2027 CAGR of 4.1% in local currency terms and 6.9% in US dollar terms​.
• Diagnostic imaging will remain Japan’s largest product area over our forecast period, driven by the integration

Key View

• Our view is for the Czech National Bank (CNB) to begin its easing cycle in March 2024 as the trajectory for near-term inflation remains highly uncertain.
• Much will hinge on the January outturn due to uncertainty over sharp increases in prices which Czech firms tend to front-load for the year in January.
• Nevertheless, we expect the

Key View

• Eli Lilly's major investment in Germany will intensify competition in the global diabetes and obesity drug market.
• Investment exemplifies a trend towards localisation in Europe, as pharmaceutical companies respond to supply chain vulnerabilities.
• However, the manufacturing in Europe does carry risks including higher operational

Key View

• Regulatory approval granted for the development of the Rosebank project will provide a much-needed boost to the UK's oil production in the latter half of this decade.
• The strong risk of a change in UK government which would see less supportive government policy towards future oil and gas projects could lead to an immediate increase