Articles

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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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• 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

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

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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• We forecast that Malawi’s economy will expand by 3.1% in 2024, from an estimated 1.6% in 2023.
• Net exports will present less of a drag on growth in 2024 as we expect a recovery in agricultural output in late 2024, while private consumption will continue to face headwinds.
• In 2025, we expect that real GDP growth will pick up further, to 3.4%

Key View:

• 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

Key View

• 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

Key View

• We have revised down our 2024 growth projection for Zambia from 5.0% to 4.7%, on account of persistently low rainfall, which has led to widespread crop failures and the imposition of loadshedding by ZESCO, the state-owned power company.
• That said, weakness will be very much concentrated in H1 2024, with inflationary pressures expected to