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July 1, 2015

Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry

Justinas_LiuimaAnalyst Insight by Justinas Liuima - Senior Industry Analyst

Russia was predicted to be Europe’s largest new car market in 2020, although adverse economic conditions sent new cars sales plummeting 15% in 2014. This had a negative impact on carmakers, which experienced shrinking profit margins, but still remain committed to staying in the Russian market. Even though new car sales are expected to stabilise in 2016, the car industry will experience a turbulent future as fundamental problems still remain in the Russian automotive industry.

Promising market no more

Russia is the largest new car market in Eastern Europe, accounting for 66% of Eastern European new car sales in 2014. Due to rapid expansion over the past five years, Russia was predicted to overtake Germany as Europe’s largest new car market in 2020.

However, as economic downturn and Western sanctions hit the country, such forecasts collapsed. Due to the adverse economic conditions, new car sales in Russia plummeted by 15% to 2.5 million units in 2014, the worst result since the 2009 crisis.

Continue reading "Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry" »

June 30, 2015

Three Trends Driving Forward Remote M-Commerce in 2015

Michelle EvansAnalyst Insight by Michelle Evans - Senior Consumer Finance Analyst

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Back in 2007, Apple set off a smartphone revolution when it introduced the iPhone to market. While some industry observers back then doubted the potential of the iPhone to impact the mobile industry — let alone payments — it has nevertheless jumpstarted a smartphone revolution. Of course, other mobile phone manufacturers have since followed suit to make the smartphone one of the most popular consumer devices on the planet today.

This plethora of such devices has set into motion generational shifts in a number of industries, including payments, retailing, foodservice and travel. The increased availability of smartphones has ushered in new ways of conducting commerce and executing payments. In addition, these technological advances have ushered in a new consumer type — a connected one. Despite all the hype surrounding the potential of in-person or proximity mobile payments, remote mobile commerce accounted for 98% of mobile payments made globally in the 46 markets researched by Euromonitor International.

Continue reading "Three Trends Driving Forward Remote M-Commerce in 2015" »

June 29, 2015

Greek Default Scenarios

Daniel SolomonAnalyst Insight by Daniel Solomon - Economist

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With the break-down of negotiations between the Greek government and its creditors over the weekend, Greece is about to default on a 1.6 billion Euros IMF loan repayment this Tuesday. While this need not automatically trigger a full default, a critical July 5th referendum on whether or not to accept the latest proposal from Greece’s creditors could. Most polls suggest Greeks would vote to avoid default and stay in the Eurozone, but this is far from guaranteed. This post examines what would happen to Greece in case the government defaults on its debt. We examine three scenarios going from the most optimistic to the worst.

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June 24, 2015

Перспективы экономического сотрудничества Литвы и Казахстана

В 2015 году Литва вступила в зону евро, текущий год также отмечен 25-летней годовщиной восстановления независимости страны. С какими социально-экономическими показателями страна подошла к этой дате? Каковы перспективы экономического сотрудничества Литвы и Казахстана, а также в целом стран ЕС и Евразийского экономического союза. Об этом смотрите в нашем видеокасте.

Brain Drain Between Developed Markets

Brain drain is when well-educated individuals emigrate from their home economies to places with better employment opportunities. This is commonly thought of as an emerging-market phenomenon, but it is increasingly common between developed markets as people move out of countries that are still struggling to recover from the economic crisis. Watch the video for complete insights.

Carrie_LennardPodcast feature Carrie Lennard - Business Environment Manager

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Continue reading "Brain Drain Between Developed Markets" »

Cycle of Greek Bailouts Fails to Tackle Long-Term Economic Malaise

Carrie_LennardAnalyst Insight by Carrie Lennard - Business Environment Manager

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At the time of writing, Greece’s negotiations with the International Monetary Fund (IMF) over its debt look in doubt, and there is the possibility that Greece may default on a €1.5 billion debt repayment installment due to be paid to the IMF on 30th June 2015. The potential default comes amid a host of long-term economic problems, which plague the country. Despite a series of bailout packages, Greece’s debt-to-GDP ratio stood at 177% in 2014, the second highest in the world after Japan. It has a cripplingly high unemployment rate at 26.6% of the economically active population in 2014, a youth unemployment rate which is the highest in the eurozone of 55.8% of the economically active youth population aged 15-24 in 2014 and a real GDP total decline of 22.0% from 2009-2014. These ongoing issues raise questions over the wisdom of continuing to burden Greece with debt while little is being done to address the underlying problems afflicting the Greek economy. In the context of a debt cycle, a default would at least allow Greece to start again.

Continue reading "Cycle of Greek Bailouts Fails to Tackle Long-Term Economic Malaise" »

June 22, 2015

Vapor Devices and e-Cigarettes in the Global Tobacco Market

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Greece in Charts

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With tensions mounting over the Greek debt crisis and Greece’s possible exit from the eurozone, we investigate the performance of the Greek economy since the recession. GDP and consumer expenditure have both plummeted; with spending on durable goods such as consumer electronics and appliances seeing the biggest impact. Low-income households have been most-affected and the gap between rich and poor in Greece is now the widest in the eurozone.

Continue reading "Greece in Charts" »

June 20, 2015

The Global Picture of Migration in 2030

Emi_netMigration-v1.2

Migration trends have a big impact on future patterns in consumer spending. Singapore, Australia and Qatar are set to experience the biggest net immigration rates in 2030 at 8.9, 8.0 and 7.4 per 1000 population. This is due to these countries having attractive business environments, and high wages per hour. Poor countries in Eastern Europe and Latin America with few employment prospects will see the highest migration rates in 2030, with Kosovo the highest globally at -23.6 per 1000 population.

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Food Intolerance Products Booming in Western Europe

The food intolerance industry grew by 11% in value terms in Western Europe in 2014. As consumers are increasingly diagnosed with lactose- and gluten-free and diabetes, consumer awareness of these products as a healthy alternative has increased accordingly. Watch the video for complete analyst insights.

Video features Roberto Fernandez - Senior Food and Nutrition Analyst 

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Recent Posts

Overview of Russian New Car Market Part 1: Insights and Forecasts for Russian Car Industry

Three Trends Driving Forward Remote M-Commerce in 2015

Greek Default Scenarios

Перспективы экономического сотрудничества Литвы и Казахстана

Brain Drain Between Developed Markets

Cycle of Greek Bailouts Fails to Tackle Long-Term Economic Malaise

Vapor Devices and e-Cigarettes in the Global Tobacco Market

Greece in Charts

The Global Picture of Migration in 2030

Food Intolerance Products Booming in Western Europe