Articles

Key View

• Drugmakers of Over-The-Counter medicines are set to benefit from amendments to the Reimbursement Act in Poland.
• Stakeholders have raised concerns with a number of amendments that will pose downside risks for drugmakers operating in the country.
• Drug security continues to pose a major issue for stakeholders in Poland.

Drugmakers

The Latest: In November 2023, Argentina’s National Administration of Drugs, Food and Technology (Administración Nacional de Medicamentos, Alimentos y Tecnología Médica; ANMAT) and Brazil’s National Health Surveillance Agency (Agência Nacional de Vigilância Santiária; Anvisa) signed the first Mutual Recognition Agreement on Certificates for

Key View

• In Q323, the UK economy recorded zero growth in q-o-q terms, which followed an expansion of 0.2% q-o-q in Q2.
• While this outcome differed from the 0.1% q-o-q expansion which conditioned our forecast for a 2023 growth rate of 0.5%, the ONS’ Blue Book GDP revisions (which boosted output for previous periods) has neutered the impact

Latest Development: Preliminary data published on November 15 showed the Japanese economy shrinking by a seasonally-adjusted 0.5% q-o-q (-2.1% annualised, +1.2% y-o-y). This was broadly in line with the 0.6% contraction expected by consensus, and marked the first fall in output this year.

Key View: Developing Asia is home to some of the largest consumer markets globally. Within the household goods retail category, we see growing opportunities in the low- to mid-market price ranges, as young adults make up a large segment of the population and incomes remain low. However, we notethey are growing strongly and continuously over the

Key View

• The dampening effect of high interest rates and restrictive fiscal policies, alongside still above-target inflation and depleted household savings will see developed market (DM) aggregate growth decelerate sharply in 2024.
• The activity in the services sector is no longer sufficiently robust to counterbalance the ongoing weakness

Latest Development: The preliminary estimates for Denmark's real GDP indicate a contraction of 0.3% q-o-q in Q323. This is a downturn from the 0.2% q-o-q growth seen in Q223, marking the first contraction since Q322. On an annual basis, real GDP is expected to have grown by 0.8%, down from 0.9% in Q223. If this prediction holds, it would

In this article, we will outline some key developments in the largest banking sectors in Sub-Saharan Africa (SSA) and how these will impact banks in 2024. This article will be part of a series of regional pieces looking into SSA banking sectors.

Trouble Ahead For The Largest Banking Sectors

We think that South African banks will face a

Key View

• Sanofi-Aventis' strategic shift signifies a broader trend of adaptation among multinational corporations.
• Foreign-owned businesses will continue to encounter challenges with foreign exchange-related losses in the short- to medium-term.
• The pharmaceutical industry will use third-party distribution models as a strategic approach

Key View

• The libertarian candidate, Javier Milei, is favoured to win the upcoming presidential elections on November 19 in an extremely tight race against the moderate Economy Minister, Sergio Massa.
• Given likely support for the sector from both major candidates, we hold a broadly positive outlook for Argentina’s oil and gas sector, with