The Indian government has set high goals for expanding transport infrastructure, and we predict that the country’s construction industry in this sector will grow by 6.4% on average. Key View The government has set ambitious targets for the expansion of the transport infrastructure. We forecast that India’s transport infrastructure construction industry will grow by an […]
India’s real GDP growth reached 7.8% in Q2 2023 but is expected to slow due to factors such as a weak monsoon, tight credit conditions, and sluggish global demand. Overall, economic growth is forecasted to decrease from 7.2% in FY2022 to 6.3% in FY2023. Key View The acceleration in India’s real GDP growth to 7.8% […]
In 2023, total EV sales in Indonesia are expected to increase by 69.1% to 17,500 units, with battery electric vehicles leading the growth due to more companies introducing fully electric models. The demand will be driven by a VAT reduction and it is predicted that the EV penetration rate will be 1.6% in 2023 and […]
China and Russia are strengthening their gas trade relationship to diversify routes amid Russian gas sanctions. China is expected to benefit as Russia faces difficulties. Key View Mainland China and Russia are deepening gas trade, as they seek to diversify gas trade routes amid sanctions on Russian gas. China stands to benefit as Moscow faces […]
Vietnamese MGR players are taking advantage of the formalisation of the grocery sector and increased food spending by launching expansion initiatives. Delivery services are also rising in urban centres due to urbanisation, middle-class growth, and high mobile internet adoption. The healthification trend is growing among middle to high-income earners. Key View: As the Vietnamese economy […]
North Korea’s economy is expected to grow by 1.0% in 2022 and 2023, following two years of contraction. The recovery relies on increased trade with China, but the country remains vulnerable due to the lack of a vaccination program and isolation. Key View We at Fitch Solutions expect North Korea to grow by 1.0% in […]
Fraser Property Limited’s CEO has signed an office leasing contract with Baker McKenzie, making them the first in Thailand to sign a “Green Lease” emphasizing sustainability. Baker McKenzie plans to create a green office space with energy and water efficiency, waste reduction, and eco-friendly materials. Fraser Property Limited’s CEO, Mr. Panote Sirivadhanabhakdi, has signed an […]
Indonesia’s fuel demand growth is predicted to decrease as the government looks to reduce reliance on fossil fuels. Efforts to cut fuel subsidies have led to slower growth rates in transport fuel demand. Factors such as biofuels, fuel substitution, and decarbonisation pose potential risks to Indonesia’s fuel consumption. Key View Indonesia’s long-term fuel demand growth […]