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Key View

• The Dutch economy contracted by 0.1% q-o-q in Q124, according to the first estimate.
• We maintain our view that the gradual recovery of private consumption will be the main driver of growth in 2024.
• We maintain our expectation of a small yet positive contribution of gross fixed capital formation (GFCF) to headline growth.

The Dutch economy

Key View

• We anticipate that the Nordic countries will increasingly pursue cross-border partnerships to develop the local pharmaceutical industry and secure medicine supply. 
• A harmonised procurement approach across the Nordics is expected to result in competitive pricing and increased access to medicines, including high-cost advanced therapies.
• The

Key View

• Orthopaedic companies recorded growth again in Q1 2024, driven by smaller companies.
• Elevated procedure volumes continue to drive revenue growth for orthopaedics companies which are working to prevent supply constraints. 
• Some companies reported that they are increasingly investing in shoulder devices given the market has strong growth

The Latest: On May 2 2024, the Spain-based hospitality company Riu Hotels and Resorts opened a new resort in Trelawny, Jamaica. The Riu Palace Aquarelle resort is located in the town of Falmouth and will be Riu Hotels' seventh property in the market. The new resort will offer 753 all-inclusive rooms and amenities such as restaurants, swimming pools

Key View

• We forecast that Kenyan growth will remain strong at 5.5% in 2024, broadly in line with the 2023 outturn of 5.6% (a revision from our previous estimate of 5.5%), following the release of Q4 2023 data that was broadly in line with our expectations, and upwards revisions to previous quarters.
• Growth in 2024 will be driven primarily by private

Key View

• Singapore's LNG imports are set to rise as the country prepares to build a second import terminal.
• LNG demand is set to grow further in 2024 and beyond as Singapore’s government seeks to achieve carbon emission reduction targets.
• LNG bunker sales in the short term are expected to grow faster compared to other sectors.
• Given its well

The outlook for the global economy has remained relatively unchanged since last month, and we continue to forecast global growth to come in at 2.4% in 2024. Although this marks a slowdown from the 2.6% registered last year, it is higher that our January projection of 2.1%, reflecting the relative resilience of the global economy. The revised

Key View 

• We have raised our real GDP growth forecast for Russia from 2.9% in 2024 to 3.4%. This would mean that compared to 2023, the economy will now only be slowing modestly from 3.6%. 
• Our new forecast follows the solid performance of the economy in Q124 when it outperformed expectations and grew by 5.4% year-on-year. 
• Risks to this view are

Key View: We project arrivals to Kazakhstan to increase over 2024, following a full recovery to pre-pandemic (2019) levels in 2023. Over the medium term (2024-2028), we forecast Kazakhstan’s arrivals to continue to expand with growth driven by key source markets in the Central Asia region and supported by Kazakh Tourism’s increased marketing