Articles

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• Malaysia’s upstream sector is poised for further growth in 2024 as the government continues to promote offshore blocks for exploration.
• Petronas made a good start to 2024, securing seven production sharing contracts (PSCs).
• Petronas launched the Malaysia Bid Round 2024 (MBR 2024), offering five exploration blocks and five Discovered

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• We have made an upward revision to our forecast for Iraq's wheat production in 2024/25 and now anticipate a harvest of 5.42mn tonnes, a three-season high, which represents an increase of almost 1.0mn tonnes compared to our previous projection. Our updated forecast now points to an increase in Iraq wheat production of 1.52mn tonnes, or

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• Policy shifts and reforms within Argentina are projected to further exacerbate drug price inflation, contributing to a sustained decrease in pharmaceutical sales volumes.
• Argentina’s pharmaceutical market is expected to encounter severe challenges in 2024, with a significant contraction in sales driven by economic austerity and

Key View: The new trade agreement between India and several markets in Europe will act as a key catalyst in opening up India's consumer market to foreign luxury watchmakers. Typically one of the first aspirational jewellery purchases, a growing upper-middle class in India will offer strong low base and organic growth in consumer spending over the

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• We maintain our forecasts for Ecuador’s construction industry this quarter, which we expect will see a modest 1.6% y-o-y growth in real terms in 2024 and 2.9% y-o-y real growth in 2025. This follows from a 0.4% y-o-y contraction of the industry in 2023 based on a severe El Niño weather pattern and electricity rationing disrupting

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• GSK’s latest Blenrep (belantamab mafodotin) trial results will improve the drug’s outlook as a potential multiple myeloma drug treatment, but recent regulatory challenges cast doubt over a potential market re-entry.
• Due to a highly competitive multiple myeloma drug market companies will continue seeking label expansions in earlier

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• Germany's medical devices market will experience steady growth and will remain one of the most attractive medical devices markets worldwide despite ongoing macroeconomic constraints. 
• Germany will remain one of the world’s most innovative medical device manufacturing economies, supported by an expanding rate of medical device

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• The parties in Germany’s ruling coalition face an uphill battle to regain lost support following the economy’s contraction in 2023 and recurrent policy infighting. 
• Following the fallout from complications surrounding the 2024 budget, we forecast that upcoming negotiations for the 2025 budget will reopen rifts within the coalition.

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• The UK government's budget allocation will reaffirm its dedication to strengthening the pharmaceutical industry as a key pillar of economic stability.
• A competitive business tax regime will continue to attract strategic investment.
• A dedicated investment in manufacturing promises to enhance UK pharmaceutical exports long-term

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• Kazakhstan is poised to see strong growth in trade activity in the near term, especially as shippers based in Europe and Asia increasingly divert their cargoes from traditional Red Sea passages and routes through Russia, in favour of more strategic alternatives.
• We anticipate that the rail sector will significantly benefit from the