Articles

Key View: Switzerland's EV market is poised for continued expansion, supported by a well-developed charging infrastructure and a high-income consumer base. Anticipated policy shifts and a growing emphasis on e-mobility position the nation for a significant increase in EV adoption rates. We maintain an upbeat outlook for EV sales in Switzerland

Key View

• Post-war Ukraine is anticipated to encounter social instability, as reconstruction efforts and funds are predicted to be unevenly allocated, favouring safer regions over those most affected by the conflict.
• Reintegrating demobilised soldiers into the civilian economy and regulating gun ownership will represent major challenges for

Key View 

• Political stability ahead of the elections in Austria will persist, especially now that early elections seem to be off the table. 
• The far-right Freedom of Austria Party continues to hold the best chances to win the general election, though coalition negotiations will proof a challenge for the right-wing populist party.
• We thus

Key View

• We forecast that the Nigerian economy will expand by 2.9% in 2024, following a higher-than-expected real GDP outturn of 3.5% y-o-y in Q423. 
• Multi decade-high inflation as a result of the partial removal of the fuel subsidy and exchange rate weakness will keep private consumption and fixed investment weak in 2024.
• That said, the

The Latest: On February 21 2024, the Israel-based cultivated proteins company Aleph Farms announced a partnership with Thailand-based bio-based products manufacturer BBGI and India-based Fermbox Bio, a synthetic biology research and manufacturing company. Amongst the many new initiatives, the partnership will primarily initiate the first

Key View

• We expect that real GDP growth in Sierra Leone will accelerate to 3.0% in 2024 from an estimated 2.1% in 2023.
• This slight recovery in growth will be driven by moderating inflation, which will encourage private consumption.
• In 2025, we expect real GDP growth to accelerate to 4.2% as inflation reverts to pre-pandemic levels, and

Latest: The December economic activity estimator index (EMAE) showed that the economic contraction came in 4.5% y-o-y (3.1% m-o-m). This reading is between our expectations of 6-7% y-o-y and Bloomberg consensus of 1.2%. While the scope of the print was surprising, the direction was not. As expected, economic weakness was most prevalent in the

Key View

• Egypt’s financial sector remains in a deep negative net foreign liability position which will continue to be the main risk to the banking sector over the course of the year. 
• We expect that deposit growth will accelerate from 17.0% in 2023 to 27.0% in 2024. Nominal deposit growth, however, does distort the picture given that

The Latest: In February 2024, the National Bank for Economic and Social Development (Banco Nacional de Desenvolvimento Econômico e Social; BNDES) in Brazil approved a BRL70mn (USD14mn) financing package for Althaia Indústria Farmacêutica to establish a new research centre dedicated to the development of medicines. This initiative, funded

Key Views

• As momentum builds on the energy projects agreed upon between TotalEnergies and Iraq's government, the potential for growth in Iraq’s underexploited gas sector, and the broader energy market, appears promising. 
• The completion of several key infrastructure projects would offer huge benefits to Iraq's energy sector and stimulate