Articles

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• As the Russia-Ukraine war carries on, Kazakhstan’s multi-vector approach to foreign policy has proven to be tricky to manage. 
• While Kazakhstan continues to maintain friendly relations with Russia, its needs to diversify transport and infrastructure links away from Moscow has increased amid tightening economic sanctions. 
• Over the long term

Key View: We project Bonaire’s tourist arrivals to expand in 2024, building on a full recovery to pre-pandemic (2019) levels in 2022. The market’s arrivals will continue to increase over the remainder of our medium-term forecast period (2024-2028). Bonaire’s tourism sector will benefit from growing arrivals from a wider pool of source markets, as

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• A lack of a robust opposition means that the MPP will likely win the upcoming elections scheduled for June 28.
• With its victory, the MPP is poised to retain its control in almost all forms of government for at least another three years. 

We expect the Mongolian People’s Party (MPP) to emerge victorious in the upcoming

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• Battery energy storage systems will be the most competitive power storage type, supported by a rapidly developing competitive landscape and falling technology costs.
• We expect the price dynamics for lithium and nickel to remain favourable for battery storage developers, while copper will place upward price pressures as the demand from other

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• We anticipate a slowdown in Uzbekistan's economic growth from 6.0% in 2023 to 5.6% in 2024.
• While ongoing reforms aimed at increasing the privatisation of the economy might result in higher prices and subsequently decrease consumer spending, we anticipate that capital investment will sustain economic growth.
• We expect that higher imports of

Key View: Consumer spending growth is due to remain strong in 2024, given an economic surge primarily driven by increased exports and higher investment, bolstered by more affordable credit and low inflation. A high level of household debt remains a risk to our consumer outlook if interest rates do not come down as forecasted in H2 2024, limiting

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• Slovenia will continue to grow as a regional hub for pharmaceutical manufacturing.
• Pharmaceutical trade in Slovenia will continue to outpace sales in the market.
• However, drugmakers in Slovenia will face headwinds due to geopolitical and economic risks.

Slovenia will continue to grow as a regional hub for pharmaceutical manufacturing. On

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• Ethiopia’s banking sector is in good financial health, underpinned by a strong economic environment, which will support banks in the coming years.
• The findings from the latest stress tests suggest that the Ethiopian banking sector is generally stable, but there are vulnerabilities.
• The latest Financial Stability Report highlights a number of

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• Colombia's medical devices market will grow at a single-digit growth rate in the medium term, limited by falling inflation.
• Strategic investments will enhance Colombia's medical device market, driving diagnostic imaging and consumables.
• Despite increasing medical device imports to Colombia in 2023, efforts to reduce import reliance will

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• We expect that the Central Bank of Egypt will hold its overnight deposit and lending rates at 27.25% and 28.25% respectively until end-2024 mostly due to receding FX risks and slowing inflation.
• We think that the CBE will start its monetary policy easing cycle in 2025 as inflation will trend further down, from 29.0% in 2024 to 11.8% in 2025