Articles

Key View: Investment in Tajikistan's transport infrastructure sector over the next decade will primarily be driven by two factors: the critical need to rehabilitate and upgrade domestic road networks, and the expansion of regional transport links on the back of China's Belt & Road initiative. As a landlocked country, the road and rail segments will

Key View:

• Increased cost-containment across Europe will result in greater consumption of lower margin drugs.
• Consolidation and vertical integration of medicine wholesale and retail markets is increasing.
• Drugmakers may improve market access in Central Europe but revenues may be repressed.

Transformation of the pharmaceutical supply chain

Key View: The upcoming elections in Indonesia, scheduled to be held in June 2019, pose a downside risk to the construction sector's growth outlook. China-backed projects are particularly vulnerable if foreign investment and the high levels of debt associated with infrastructure projects become politically contentious issues over the coming months.

Key View: Heightened regulatory and competition challenges will still weigh on DStv, even as it launches a streaming-only version of its service. Its efforts to adapt to changing consumer needs and industry paradigms are welcomed, but the intensifying OTT threat means that this transformation is not risk-free.

On the back of a steady decline in

Key View:

• Healthcare spending will continue to be repressed by austerity measures over the long term.
• Public healthcare financing remains uncertain and reform progress has been slow.
• The market will remain highly unattractive for drugmakers due to aggressive pricing policies and the clawback tax.

Forecasts:

Greece's healthcare market is

Temporary Stabilisation In Global Growth: Negative economic data surprises have started to abate, particularly in the eurozone, which suggests that global economic growth will remain relatively robust throughout 2018. We forecast the global economy to expand by 3.3% this year, which is below the consensus of 3.7%, on account of slightly below

In Latin America, our growth forecasts are below consensus in a number of economies, including Bolivia, Brazil, Ecuador, Guatemala and Uruguay. The downward revision to our forecast Brazilian real GDP growth rate from 2.5% y-o-y to 1.6% puts us below Bloomberg consensus of 1.8%. The shift reflects lingering investor uncertainty over the upcoming

Key View: Over the coming decade emerging market construction industries will rise up the ranks of the largest construction industries globally. Scale will therefore no longer be the preserve more developed markets, meaning investors and contractors alike will need to increasingly assess markets based on risk, rather than traditionally balancing

Key View:

• Sub-Saharan Africa's healthcare market will continue to expand at pace with robust economic, demographic and epidemiological drivers in place.
• A rising chronic disease burden, large-scale urbanisation, and ageing populations will be major drivers of healthcare expenditure in the region.
• Despite this, the region's healthcare markets