High base effects will lead to slower g...
Banking Sector: Slower Growth In 2015
High base effects will lead to slower growth in Iran's commercial banking sector in FY2015/16 compared to this fiscal year, while risks to fundamental stability will remain contained. Profitability will be minimal due to the elevated non-performing loan ratio, the dominance of highly leveraged state...Read article
Regional Fuel Reforms Positive For Automakers
Fuel reform in various countries across Asia, which will result in fuel subsidy cuts, will not have a meaningful negative impact on auto sales. Carmakers should stand to benefit from a more liberalised fuel market, allowing them to better plan for future car launches....Read article
China To Provide Push For Railway Infrastructure
The momentum behind the Moscow-Kazan high-speed railway following Chinese support provides considerable upside risk to our railway infrastructure growth forecast for Russia over the next four years. We expect high-speed railway investment to dominate infrastructure industry value creation, due to th...Read article