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The Latest: In April 2024, Radisson Hotel Group opened the Pramod Lands End Resort in Gopalpur, which is a coastal town in Odisha, India. Pramod Lands End Resort is part of the Radisson Individuals offering which are uniquely designed luxury hotels. The beachfront hotel has 100 rooms, which include suites and villas with private room access. Its

Key View

• We now expect that the Banco Central do Brasil (BCB) will cut its policy rate from 10.50% to 9.50% by year-end (9.25% previously), with economic resilience and uncertainty surrounding the government’s fiscal policy stance set to see the central bank adopt a slightly less hawkish stance.
• The BCB lowered its policy rate by 25bps at its May 8

Key View

• Healthcare expenditure will benefit from increased government spending despite projected below-trend GDP growth in 2024. 
• Increased digital health investment aims to create a more integrated and efficient health information system that will deepen collaboration between healthcare providers.
• Private healthcare expenditure will benefit from

Key view:  We have a positive outlook for consumer spending in the Philippines in 2024.  Easing inflationary pressures, a slightly favourable labour market and lower interest rates form the base for consumer spending growth. The key risks to this outlook include prolonged inflation; decrease in remittances, which fluctuate as a result of external

Latest Development: Headline inflation rose in the capital Colombo to 1.5% y-o-y in April from 0.9% in March. One reason was that transport prices flipped back into inflation at 5.0% y-o-y, from 2.0% deflation. The Colombo data suggest that national headline inflation rose in April, but remained within the Central Bank of Sri Lanka’s (CBSL) 3-7%

Key View: 

• We think that Thailand will now run a wider surplus of 2.9% of GDP compared to our previous forecast of 2.6%. Still, this will be just shy of the pre-Covid size. 
• Global demand prospects are improving which bodes well for Thailand’s export performance. 
• The one key factor holding back the country’s external health is tourism. Even if

Key View

• While we maintain our view of economic growth in Libya will slow from 19.5% in 2023, we now foresee a steeper slowdown to 7.7% in 2024 against 9.5% previously.
• Oil disruptions in Q1 2024 will weigh on growth in the oil economy, while worsening political bickering among key policymakers will drag on investment and depreciating dinar will

Latest Development: On May 1 2024, Cigalah Healthcare, a prominent Saudi Arabia-based healthcare company, entered into a collaboration with Abdi Ibrahim, a Turkiye-based pharmaceutical company. Under the agreement Cigalah Healthcare will import various pharmaceutical products including central nervous system, cardiovascular, respiratory and