Honduras Country Risk & Industry Insights
Honduras Country Risk & Industry Insights
INDUSTRY RESEARCH
For 40 years BMI has delivered high quality business intelligence that helps clients
better understand the opportunities and risks they face, particularly in emerging
and frontier markets.
Our global team of more than 110 economists, political risk experts and industry analysts has a strong
track record in delivering frequent, forward-looking insights, data and forecasts across all markets –
developed, emerging and frontier – built on our history, our expertise and our strong relationships with
our clients around the world.
We offer authoritative, in-depth coverage of 200+ markets and more than 20 industries with frequent
updates, consistent data and comparable analysis; from the Caribbean to China, from Healthcare to
Infrastructure.
BMI integrates political, macroeconomic and industry expertise into all of our
analysis so our clients benefit from understanding how each has an impact on the
other in their chosen markets. We call this ‘Connected Thinking’.
Country Risk Global Financial and Risk Analysis
BMI has a wide range of products to suit your needs Weekly and monthly newsletters provide global macro,
including over 150 individual Country Risk Reports. Each political and financial market views and forecasts for major
report contains in-depth data, analysis and forecasts on frontier, emerging and developed markets, as well as industry
a country or territory’s economic, political and business and corporate financing insights, and our monthly pick of FX
environment outlook over a 2-10-year horizon to give you forecasts and commodities price analysis.
the risks and opportunities of operating in the market.
See pages 19-25
BMI also produces 21 monthly sub-regional newsletters
containing essential macroeconomic analysis, risk assessment
and insight into financial developments across key regions.
See pages 13-18 BMI Advisory
Our experts are also available to deliver bespoke
Industry Research insights tailored to your needs via BMI’s Advisory
BMI publishes over 1,800 reports over 20 separate service. See page 27 for more on how this service
industries by country and region, containing forecasts, could help you implement a successful growth strategy.
business environment Risk/Reward Indices, competitive
intelligence and robust analysis of the latest industry
developments to help you optimise the scope of your
operations and investments. Also available are 41 monthly
industry newsletters providing analysis, forecasts and indices
for 9 main industry sectors across key regions.
See pages 4-12
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CONTENTS
INDUSTRY RESEARCH BY COUNTRY GLOBAL FINANCIAL AND RISK ANALYSIS
Quarterly and annual analysis and forecasts, covering Emerging Markets Monitor – weekly analysis of market
more than 20 industry sectors for over 180 markets 4 views, macroeconomic forecasts and political predictions
for global emerging markets 19
INDUSTRY REPORT MATRIX Global Macro Monitor – monthly outlook on the
Regional tables listing the full industry market reports prospects for the global economy 20
portfolio by country and sector 5-9
Frontier Markets Monitor – monthly views and analysis
of political and economic developments in exciting but
REGIONAL INDUSTRY INSIGHTS frequently overlooked markets 21
Monthly analysis of latest trends, regulatory changes,
Emerging FX Monthly – monthly assessment of FX
projects and investments for 9 main industry sectors,
forecasts across developed and emerging markets 22
systematically structured across 5 regions 10
Commodities Monitor – monthly pick of commodities
SPECIALIST PHARMACEUTICALS, analysis across energy, metals, grains and softs 23
MEDICAL DEVICES AND HEALTHCARE SERVICE Global Strategy – monthly strategic direction for
A dedicated service outlining where business risks are investors 24
most concentrated and identifying investment
Political Risk Strategy – monthly assessment of how
opportunities within the industry 11-12
political risk is affecting economies and markets 25
COUNTRY RISK
SPECIAL REPORTS
Quarterly and annual data, analysis and forecasts
Analysis of key political and economic events as they
over a 10-year horizon for more than 150 countries
happen and intelligence on market trends 26
and territories 13-14
BMI ADVISORY
OPERATIONAL RISK
Bespoke insights tailored to your needs 27
Quarterly, bi-annual and annual reports examining threats
from the labour market, logistics infrastructure, trade
& investment regulations and crime & security for BMI’S COUNTRY RISK, POLITICAL RISK AND
over 90 countries and territories 15-16 GLOBAL STRATEGY ANALYSTS
Meet our team of experts 28
REGIONAL MONITORS
Monthly macroeconomic analysis and assessment of INDUSTRY RESEARCH ANALYSTS,
major political, economic and financial developments ADVISORY & DATA PROFESSIONALS
for 20 regions and sub regions across the globe 17-18 Meet our team of experts 29
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INDUSTRY RESEARCH
REPORTS
BMI’s extensive range of Industry Research
Reports provide in-depth analysis and forecasts,
covering more than 20 major industry sectors for
more than 180 markets.
Use these reports for budgeting and strategic planning, risk
management, trend evaluation and competitor analysis.
The Industry Research Reports help you assess and enhance your performance in your marketplace in the following ways:
• Budgeting and Strategic Planning – Proprietary and • Trend Analysis – Reviews of the latest industry trends,
independent 5-10 year industry forecasts provide a key regulatory changes and major deals and projects &
input into your strategic business planning and budgetary investments enable you to evaluate the commercial
activities, helping you identify opportunities for new potential in your market
investment and growth
• Competitor Analysis* – Competitive landscape analysis
• Manage Risk – Risk/Reward indices allow you to identify and company profiles provide valuable input when
operational, market and country-specific risks to your assessing the activities, strategy and market position of
activity your competitors, partners and clients
Developed to aid your decision-making, these reports provide reliable, stress-tested industry forecasts and growth
assumptions that you can use to benchmark your business development plan, as well as to test other forecasts based solely
on industry- or company-specific variables.
*Competitor Analysis coverage varies across the reports – please see website for details
Industry Coverage
BMI’s Industry Research covers more than 180 countries and territories in Africa, the Americas, Asia, Europe and the Middle
East for the following industry sectors:
*Crime, Defence & Security - annual and bi-annual publications, no quarterly updates.
** Healthcare - annual reports, no quarterly updates.
*** Metals Reports – 9 global reports covering Tin, Aluminium, Steel, Zinc, Lead, Copper, Gold, Iron Ore and Nickel.
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Telecommunications
Education & Labour
Consumer & Retail
Medical Devices
Pharmaceuticals
Petrochemicals
Infrastructure
Food & Drink
Automotives
Agribusiness
Real Estate
Healthcare
Insurance
Tourism
Mining
Algeria
Algeria & Morocco
Angola
Angola, Botswana & Namibia
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cameroon & Gabon
Cape Verde
Central African Republic
Chad
Congo, Dem Rep
Congo-Brazzaville
Congo-Brazzaville, Congo, Dem. Rep. & Burundi
Congo-Brazzaville and Gabon
Cote d’Ivoire
Egypt
Equatorial Guinea
Eswatini
Ethiopia
Ethiopia, Eritrea & Djibouti
Gabon
Gambia & Senegal
Ghana
Ghana, Kenya & Nigeria
Guinea
Kenya
Lesotho
Liberia
Liberia & Sierra Leone
Libya
Libya & Tunisia
Madagascar
Malawi
Malawi & Mozambique
Mali
Mali & Mauritania
Mauritius
Mauritius & Seychelles
Morocco
Mozambique
Namibia
Namibia & Botswana
Niger
Nigeria
Rwanda
Sao Tome & Principe
Senegal
Seychelles
Sierra Leone
South Africa
Sudan
Sudan & South Sudan
Tanzania
Togo
Tunisia
Tunisia, Algeria & Libya
Uganda
West Africa
Zambia
Zambia & Zimbabwe
Zimbabwe
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Telecommunications
Education & Labour
Consumer & Retail
Medical Devices
Pharmaceuticals
Petrochemicals
Infrastructure
Food & Drink
Automotives
Agribusiness
Real Estate
Healthcare
Insurance
Tourism
Mining
Argentina
Aruba
Bahamas
Barbados
Barbados & Guyana
Belize
Bermuda
Bolivia
Brazil
Canada
Caribbean
Cayman Islands
Central America
Central America & Caribbean
Chile
Colombia
Costa Rica
Cuba
Dominican Republic
Dominican Republic & Puerto Rico
Ecuador
El Salvador
Greneda
Guatemala
Guyana
Haiti
Honduras
Jamaica
Mexico
Nicaragua
Panama
Paraguay
Peru
Puerto Rico
Suriname
Trinidad & Tobago
United States
Uruguay
Venezuela
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Telecommunications
Education & Labour
Consumer & Retail
Medical Devices
Pharmaceuticals
Petrochemicals
Infrastructure
Food & Drink
Automotives
Agribusiness
Real Estate
Healthcare
Insurance
Tourism
Mining
Afghanistan
Australia
Bangladesh
Brunei
Cambodia
Cambodia, Laos & Myanmar
China
East Timor
Fiji
Indonesia
Japan
Laos
Macao, China
Malaysia
Mongolia
Myanmar
Nepal
New Zealand
Pakistan
Papua New Guinea
Philippines
Singapore
Sri Lanka
Taiwan, China
Thailand
Vietnam
*South East Asia - covering Vietnam, Thailand, Myanmar, South Korea, Cambodia
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Telecommunications
Education & Labour
Consumer & Retail
Medical Devices
Pharmaceuticals
Petrochemicals
Infrastructure
Food & Drink
Automotives
Agribusiness
Real Estate
Healthcare
Insurance
Tourism
Mining
Albania
Armenia
Austria
Azerbaijan
Belarus
Belgium
Bosnia-Herzegovina
Bulgaria
Central Asia*
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Georgia
Germany
Greece
Hungary
Iceland
Ireland
Italy
Kazakhstan
Kazakhstan & Uzbekistan
Kosovo and Montenegro
Kyrgyzstan
Latvia
Lithuania
Luxembourg
Moldova
Montenegro
Netherlands
Nordics
North Macedonia
Norway
Poland
Portugal
Romania
Russia
Serbia
Slovakia
Slovenia
Spain
Sweden
Switzerland
Tajikistan
Tajikistan & Kyrgyzstan
Turkiye
Turkmenistan
Turkmenistan & Uzbekistan
Ukraine
United Kingdom
Uzbekistan
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Telecommunications
Education & Labour
Consumer & Retail
Medical Devices
Pharmaceuticals
Petrochemicals
Infrastructure
Food & Drink
Automotives
Agribusiness
Real Estate
Healthcare
Insurance
Tourism
Mining
Algeria
Bahrain
Egypt
Iran
Iraq
Israel
Jordan
Kuwait
Lebanon
Libya
MENA*
Morocco
Oman
Qatar
Saudi Arabia
Tunisia
Turkiye
Yemen
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INDUSTRY INSIGHTS
The 41 monthly Industry Insights are systematically
structured on a regional and country by-country
basis to provide you with analysis, forecasts and
ratings for 9 main industry sectors.
PUBLISHED MONTHLY
Insights include analysis of the latest trends, regulatory changes, projects and investments for each Industry, featuring BMI’s
independent 5-year industry forecasts for each country market. Combined with competitive intelligence on the growth
strategies of the leading national and multinational companies, the Insights allow you to track key developments in your markets
and assess their impact on your business operations as well as identify and exploit new investment or trading opportunities.
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The service provides insight on this fast paced and rapidly developing sector with specialist products and company
intelligence providing information at both a macro and micro level when you need it most.
• Biosimilars – In-depth quarterly reviews and analysis • Diagnostics – Extensive fortnightly news coverage with
reports on the rapidly evolving biosimilars market, company activities, mergers & acquisitions and major
with detailed commentary on regulatory developments, product developments.
company profiles and extensive product and
• Drug Delivery – Unparalleled coverage of the Drug
pipeline analysis.
Delivery sector ranging from infusion pumps to
• Cancer – Unrivalled coverage of the ever-changing transdermal delivery with everything in-between,
anti-cancer drugs market with a daily updated news covering all major technology areas with daily-updated
subscription services and extensive reports detailing intelligence channels, monthly newsletters and in-depth
the global cancer drug industry. reports covering over 100 leading companies.
• Central Nervous System – Coverage on all drugs across • Imaging – Understand regulatory changes, future market
key therapy areas within our extensive newsletter and in- growth and the latest company and product updates,
depth analysis reports on key pipeline products within the with daily news, in-depth market reports and extensive
growing CNS drugs market. archives. Covering everything from ultrasounds to bone
densiometry within the diagnostic and molecular imaging
• Generics – Extensive analysis of the opportunities,
industry.
operating environments and companies within this
dynamic market. Whether this is through fortnightly news • Market Analysis – Expert assessments on the outlook
updates or within our range of thorough market reports. for 75 countries and territories, including market size and
growth forecasts for 40 equipment categories, with trade
• Market Analysis – Extended analysis reports for 116
data, distribution access and analysis of key players. Build
countries and territories, including market size and growth
bespoke regional collections or gather more data with
forecasts, with trade data, distribution access and analysis
Fact Books and Forecast reports.
of key players, and regulatory overviews. Build bespoke
regional collections or gather more data with Fact Books • Orthopaedics – Whether it is within the extensive
and Forecast reports. monthly news service or detailed analysis reports,
BMI provides comprehensive overviews and in-depth
analysis of developments across the entire orthopaedics
market, covering corporate, product and R&D
developments, and more.
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HEALTHCARE SERVICE
From government and private healthcare expenditure to digital health strategies.
Our data-led service helps clients gauge demand for healthcare products and
services in over 100 markets.
• Our analysts monitor developments across the global • Up to 25-year historical data and 10-year forecasts for
healthcare industry including expenditure, government 200+ indicators across 108 markets, including hospitals,
health budgets, digital health policies and company news, physicians, nurses, inpatient admissions, outpatient visits,
with specialist insight into the latest developments in surgical procedures and demographics.
emerging markets.
• Exportable Excel Datapacks for 108 markets can be
• Market overviews for 108 countries including 10-year accessed directly from the annual reports and include all
forecasts for public and private healthcare expenditure, the latest sub-national and country-specific healthcare
and analysis of systems, stakeholders, regulations, data and forecasts for each market.
resources, activity, and advancements in digital health.
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COUNTRY RISK
Understand the global political, economic and
business environment with our independent
assessments of country risk and 10 year forecasts
for key indicators.
Comprehensive and systematic analysis, with quarterly reports for more than 200 markets.
• Full 10 Year Forecasts with Data for Key • Political Stability and Risk Indices – Latest country
Macroeconomic Variables – Including GDP (real growth rankings and trends compared with regional and global
and per capita), population, inflation, current account averages.
balance and exchange rate.
• Current Administration and Policy-Making – Advance
• Comprehensive Risk Indices – Ranks each country or warning of threats to continuity of economic policy and
territory both regionally and globally for economic and likely changes to the business operating environment.
political risk.
• Political Outlook – Examines structural risks to the
• GDP by Expenditure Outlook – Assesses the makeup stability of each country or territory’s political system
of GDP by expenditure, with our key views on how the and the dominant public.
fundamental drivers of economic growth will evolve over
the next 10 years. PLUS:
• Full Assessment of the External Position – Examines • Unique Economic and Political SWOT Analysis –
both structural fundamentals and latest events to give Summarising the Strengths, Weaknesses, Opportunities
a complete picture of the international investment and Threats for each country or territory in the region at
position and the overall external debt outlook for a a glance.
10-year horizon.
• Monetary Policy Uncovered – What are the current
policy objectives of the central bank, its previous
performance and policy direction going forward?
We provide a 10-year outlook on inflation and interest
rate dynamics.
• Complete Evaluation of the Fiscal Position – In addition
to assessing the fiscal and public debt outlook over
a 10-year period, we look at the main categories of
government revenue and expenditure, assess the relative
size of spending in the economy, current spending trends
and likely future policy.
• The Impact of Global Macro Change – Annual forecasts
for major commodities, inflation, interest and exchange
rates. This key section assesses the underlying growth
dynamics for emerging and developed markets and the
global macro outlook.
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OPERATIONAL RISK
From logistics and security risks, to labour market
and trade & investment risks. Compare the ease
of doing business in more than 200 markets with
expert insight into the factors that could impact
market entry and supply chains, or disrupt your
day-to-day activities.
Used by risk managers, government representatives, consultants and HR professionals, the reports covering 90 individual
markets inform you of the practicalities and major risks of operating in a country or territory. The reports assess threats
stemming from the labour market, logistics infrastructure, trade & investment regulations and crime & security. Together with
our Operational Risk Indices, this service allows you to understand and benchmark risks, whether you currently operate in a
country or are considering a move into the market.
• Education & Labour – Assess the availability and • Trade & Investment – Evaluate the trade policies and
flexibility of skilled labour for your business, with agreements, legal systems, and banking and taxation
comparisons of education systems, labour costs, requirements that could impact your operations, helping
demographics, employment rates and legislation, social you compare and prioritize the most attractive markets
security, public healthcare systems, and unionization. for investment.
• Logistics & Freight Transport – Understand the • Crime, Defence & Security – Stay alert to the security
strengths and weaknesses of each country’s supply threats to your staff and business operations that might
chain and transport and utilities infrastructure, revealing stem from terrorism, political violence, war, and criminal
the implications for you business when manufacturing, activities, and understand each country’s capacity and
distributing, or contracting services in different markets. ability to provide protection.
Labour Market (25%) Logistics (25%) Trade & Investment (25%) Security (25%)
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Crime, Defence & Security
Uzbekistan
Trade & Investment Risk
Argentina Bahrain
Brazil Iran
Canada Iraq
Chile Israel
Colombia Jordan
Costa Rica Kuwait
Ecuador Lebanon
Honduras Oman
Mexico Qatar
Nicaragua Saudi Arabia
Panama United Arab Emirates
Peru Yemen
United States
Uruguay
Venezuela
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REGIONAL MONITORS
BMI’s range of 20 monthly regional monitors
provide you with essential macroeconomic
analysis and risk assessment of major political,
economic and financial developments across
Africa, Asia, Emerging Europe, Latin America
and the Middle East.
The Monitors give you regular appraisals of country risk, clear insights into economic and financial
trends and advance warning of key changes in the business environment.
With succinct analyses, hard-to-find data and authoritative 12 and 24-month forecasts covering government, economy,
finance and the business environment, the Monitors answer your strategic information needs, helping you make better-
informed decisions.
FEATURES INCLUDE:
• Country-by-Country Coverage – with essential news, • Political Risk Assessments – analysing government
analysis and forecasts for your markets stability, key policy developments and political opposition
• Risk-Rating System – short- and long-term country ratings • Business Environment Risk – analysis of government
for political, economic and business environment risk policy on inward investment, trade, privatisation and
economic reform, plus MNC developments
• 2-year Economic Forecast Scenarios – BMI’s
macroeconomic forecasts and latest available data
from primary sources, alongside analysis of latest
macroeconomic developments
• Plan your investment strategy by fully assessing • Plan for growth and development in your markets using
each individual market within your region, using BMI’s the 12 and 24-month forecasts for all major economic
systematic country-by-country coverage backed by a indicators
wealth of charts, graphs and tables
• Identify potential risks and opportunities through
• Adjust existing strategies by anticipating and evaluating detailed business environment analysis, outlining recent
key changes in political, macroeconomic and business and likely changes in government policies
environment risk with BMI’s in-depth Country Risk
Summaries
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20 Regional Monitors
AFRICA MONITORS ASIA MONITORS EMERGING EUROPE • Caribbean
MONITORS Aruba
• East and Central Africa • Australasia and South Bahamas
Democratic Republic Pacific • Central Europe and Barbados
of Congo Australia Baltics Belize
Kenya East Timor Czech Republic Bermuda
Sudan Fiji Estonia Cayman Islands
Tanzania Kiribati Hungary Cuba
Uganda New Zealand Latvia Dominican Republic
• North Africa Papua New Guinea Lithuania Haiti
Algeria Salomon Islands Poland Grenada
Egypt Tuvalu Slovakia Guyana
Libya Samoa • South East Europe Jamaica
Morocco Vanuatu Albania Puerto Rico
Tunisia • China and North East Bosnia-Herzegovina St Kitts & Nevis
• Southern Africa Asia Bulgaria Suriname
Angola China Croatia Trinidad & Tobago
Botswana Hong Kong, China Kosovo • Central America
Madagascar Mongolia Montenegro Costa Rica
Mauritius Taiwan, China North Macedonia El Salvador
Mozambique North Korea Romania Guatemala
Namibia South Korea Serbia Honduras
South Africa • South Asia Slovenia Nicaragua
Zambia Afghanistan Turkiye Panama
Zimbabwe Bangladesh • Russia and the CIS • Mexico
• West Africa India Armenia
• Southern Cone
Cameroon Pakistan Azerbaijan
Argentina
Côte d’Ivoire Sri Lanka Belarus
Chile
Gabon • South East Asia Vol 1 Georgia
Paraguay
Ghana Cambodia Kazakhstan
Uruguay
Nigeria Laos Kyrgyzstan
Myanmar Moldova MIDDLE EAST MONITORS
Thailand Russia
Vietnam Tajikistan • East Med
Turkmenistan Israel
• South East Asia Vol 2
Ukraine Jordan
Indonesia
Uzbekistan Lebanon
Malaysia
Syria
The Philippines LATIN AMERICA Turkiye
Singapore MONITORS West Bank & Gaza
• Andean • The Gulf
Bolivia Bahrain
Colombia Kuwait
Ecuador Iran
Peru Iraq
Venezuela Oman
Qatar
• Brazil
Saudi Arabia
UAE
Yemen
EMERGING MARKETS
MONITOR
Emerging Markets Monitor (EMM) brings you a
weekly top-down and bottom-up, fully integrated
perspective of emerging markets and their
relationships with the US, eurozone and Japan.
PUBLISHED WEEKLY
Analysis of market views and assessments of countries and regions (on a global, inter and intra-regional
level), combined with macroeconomic forecasts and political predictions, gives you a holistic view of
emerging markets risk.
EMM identifies global trends and market correlations, providing you with clear asset class strategies to help inform your
strategic investment decisions.
• Sharpen your forecasting, using EMM’s analysis of • Manage commodity price volatility risk with EMM’s
equities, currencies, fixed-income instruments and coverage of metals, energy and agricultural commodities,
commodities, including short, medium and long term including shortterm technical views and long-term market
views and coverage of smaller ‘frontier economies’ dynamics
• Implement successful foreign exchange strategies using • Identify relative asset class strategies using EMM’s
EMM’s short-term and 2 year forecasts for more than 60 tables, giving you an instant outline of key views and
currencies against the US dollar, euro and yen supporting rationale on regional equities, currencies and
fixed income products
Emerging Markets Monitor is essential reading for asset managers, investment professionals and senior level executives
seeking reliable analysis on emerging global trends and risks to financial markets and economic performance worldwide.
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Global Macro Monitor (GMM) provides you with a powerful ‘one-stop’ monthly outlook on prospects
for the global economy. The top down, global macro approach helps you make better informed
commercial, investment and strategic decisions when you are looking to expand or protect global
business operations.
• Anticipate emerging global economic trends and react • Identify relative value asset strategies on a regional and
to risks/opportunities ahead of your competitors global basis, including equities, fixed income, currencies
and commodities
• Assess how major factors shaping global financial
markets will affect your profitability, using the indepth • Manage price volatility risk for key markets including
insights oil, metals, softs and grains using the supply/demand
forecasts, price projections and technical analysis
• Formulate strategic plans, using the fully integrated 5-year
forecasts for growth, inflation and currencies across key
states including the US, eurozone, Japan and China
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FRONTIER MARKETS
MONITOR
Frontier Markets Monitor (FMM) is a monthly
publication, providing you with exclusive views and
analysis of political and economic developments in
exciting, but frequently overlooked markets across the world.
PUBLISHED MONTHLY
Frontier Markets Monitor is the only monthly publication on the market dedicated to covering these rapidly growing
economies in a ‘one-stop’ format. You get insightful analysis of the risks and rewards of these promising economies to inform
your next strategic move when looking for markets with high investment potential.
The countries and territories covered are typically small, or are large but less well integrated with the global economy than
‘mainstream’ emerging markets. This is due to a variety of structural factors, ranging from chronic mismanagement and
isolationism to sanctions and conflict. Often these economies are growing rapidly, and have the potential to accelerate
sharply, once structural impediments are overcome. In several cases, the countries and territories in question have
tremendous investment opportunities over the long term, and Frontier Markets Monitor gives you regular assessment of the
rewards and risks facing investors already operating in or considering entering these states.
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EMERGING FX MONTHLY
Emerging FX Monthly delivers BMI’s monthly pick
of FX forecasts for both developed states and
emerging markets.
PUBLISHED MONTHLY
Get BMI’s latest inflation, interest rate and exchange rate projections for all key emerging market and
global economies on a monthly basis.
The newsletter includes one global round up article, followed by two developed state currency forecasts, then three
emerging market FX forecasts from each region (Asia, Latin America, Emerging Europe and Middle-East/Africa). The selected
forecasts include BMI’s proprietary forecasts as well as a qualitative assessment of the key factors driving currency trajectory
over the next two years, based on the integration of macroeconomic, political and financial market (global, regional and
domestic) developments.
COVERAGE INCLUDES:
• Three detailed currency forecasts for each major EM • A monthly update of BMI’s global FX strategy
region (Asia, Latin America, Emerging Europe and Middle-
• Complete tables of BMI’s EM FX, interest rate and
East/North Africa/Sub-Saharan Africa)
inflation forecasts
• Two developed state forecasts
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COMMODITIES MONITOR
Commodities Monitor is a monthly publication
delivering the pick of commodities price analysis
across energy, metals, grains and softs.
PUBLISHED MONTHLY
The report features BMI’s proprietary price forecasts and qualitative assessments of the key factors
driving price trajectory over the next five years. Commodities Monitor showcases the breadth and
depth of our commodities forecasting capabilities.
The report includes one global round up article, followed by eight commodity-specific price forecasts and extensive data. The
selected forecasts illustrate BMI’s proprietary methodology, combining both technical and fundamental supply and demand
analysis. Price forecasts leverage off extensive inhouse industry and financial market expertise to provide a holistic, stress-
tested view on the key factors driving commodity prices over the next five years. In addition to the individual forecasts,
clients will also receive extensive data including a complete list of BMI’s price forecasts, select fundamental metrics and
benchmarking of BMI’s forecasts against both consensus and the futures market.
COVERAGE INCLUDES:
• An update of BMI’s global commodities strategy • Benchmarking of BMI’s forecasts against both
consensus and the futures market
• A global commodities round up
• Monthly pick of commodities analysis across energy,
• Eight detailed commodity price forecasts ranging across
metals, grains and softs
energy, metals, grains and softs
• Extensive charts and tables detailing BMI’s price
forecasts and select fundamental metrics
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GLOBAL STRATEGY
Global Strategy is a monthly round up of our key
strategic views for global markets. This unique
monthly report provides strategic direction for
investors by delivering BMI’s view of the
macroeconomic and political risks that could
potentially affect the financial markets the most.
PUBLISHED MONTHLY
BMI’s Country Risk and Financial Markets team hold an unrivalled and impressive track record in
predicting market risk and investment hotspots. Global Strategy Monthly brings together all of our
core strategic views in one place, delivering an essential and actionable monthly read for investors and
business leaders:
COVERAGE INCLUDES:
• Monthly summary of BMI’s key views, including the key • Global Analysis of the impact of key issues
risks to watch
• Global Data and Forecasts for more than 80 countries –
• Global Asset Class Strategy – for FX, Fixed Income, Global Economic Assumptions, Exchange Rate Forecasts,
Equities and Commodities Policy Interest Rate & CPI Forecasts
• Global Commodity Strategy, including a round up of
BMI’s key views and forecasts
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This essential report provides analysis and commentary around all major upcoming political events and
their short and long term impact. Regular contents include:
COVERAGE INCLUDES:
• Global Currents: How are major political themes affecting • Index Signals: What are BMI’s Political Risk Indices telling
the global economy and regional economies? us about stability around the world?
• EM Reform Tracker: How are economic reforms • Risk Watch: What are the most pertinent political risks
progressing in the most important emerging markets? (in terms of immediacy, likelihood, and international
impact) over the coming 12 months?
• Global Industry: How is political risk affecting key
economic sectors on a national or regional level? • Political Calendar: A calendar of virtually all forthcoming
elections, as well as major summits and other key events
• Country Focus / Flash Point: Which country or region
merits rising attention at this time? • Opinion Polls: A round-up of European opinion polls
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SPECIAL REPORTS
BMI publishes in-depth special reports on key political and economic events as
they happen as well as market trends to watch.
GLOBAL POWER GRIDS: INVESTMENT TRENDS AMID THE COST OF WAR: UKRAINE’S RECONSTRUCTION
THE ENERGY TRANSITION AND RUSSIA’S STAGNATION
Transmission and distribution grid networks will remain a With a stalemate emerging on the frontline, Russia and
bottleneck to the global energy transition, with investments Ukraine stand at a crossroads as they confront the lasting
in non-hydro renewable generation capacity outpacing costs of war.
grid infrastructure spending. Grid networks will be strained Russia faces a decade of stagnation, marked by chronic
over the next decade as a result of this investment gap, as underinvestment and a human capital crisis. Meanwhile,
interconnection capacity remains inadequate amid renewable mobilizing enough funding to rebuild Ukraine will require
deployment. multiple funding vehicles and the road to recovery will be a
long and arduous one.
TRADE TURBULENCE: UNPACKING THE RED SEA
SHIPPING CRISIS AND ITS GLOBAL IMPACTS HOUSEHOLD GOODS UNPACKED: HOW
Trade Turbulence Unpacking the Red Sea Shipping Crisis and SUSTAINABILITY, PANDEMIC HABITS, MARKET ACCESS,
Its Global Impacts: Attacks by Yemen-based and Iran-backed AND INFLATION ARE RESHAPING THE SEGMENT
Houthi militant group on shipping vessels in the Red Sea How market indicators, such as urbanisation, interest rates,
mark a significant flash point in global shipping, particularly demographics and incomes globally, are contributing to the
for containerized cargo as it accounts for 28% of traffic evolving household goods and retail trends. We highlight
and rerouted vessels lead to higher costs and scheduling how sustainability continues to be at the forefront of this
disruptions. segment and is pushing brands to innovate across Europe
and North America.
LNG: GLOBAL INDUSTRY TRENDS
LNG prices declined sharply over the course of 2023, GLOBAL MACRO THEMES FOR 2024: GROWTH
with the Asian benchmark JKM falling from an average of SLOWDOWN, POLICY REVERSALS & KEY ELECTIONS
USD34.1/mnBTU in 2022, to USD14.4/mnBTU. Loosening AHEAD
fundamentals have played a part in this decline. However, As we have seen over the past two-to-three years, the
in larger part it is due the normalisation of markets from the outlook can change rapidly given unforeseen and volatile
distortions caused by the Russia-Ukraine war in 2022. events. We believe that we are moving from a period in
which one or two major risks dominate to a period to one
DIGITAL TRANSFORMATION: INDUSTRIES CONNECTED which there will be a multiplicity of smaller-scale risks. We
expect this shift to generate more unique challenges for both
With technology being increasingly adopted in every
the global economy and individual economies, as well as for
industry, our long-term view is that every company will
policymakers.
become a technology company. The rapid application of 5G
and the Covid-19 pandemic have accelerated the journey
of digital transformation, and as such this report provides THE YEAR AHEAD: GLOBAL INDUSTRIES OUTLOOK 2024
a timely review of the ways in which technology is being Across the 14 industries covered in this report, we highlight
adopted worldwide. 10 overarching themes exploring the challenges and
opportunities that 2024 will offer these sectors. The broad
The above represent just a few of our recently published spectrum of industry trends we have identified for 2024
Special Reports. For more information and a full list of spotlight specific developments within the year, while also
titles, please contact your Account Manager. addressing fundamental themes that span multiple years.
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BMI COUNTRY RISK & INDUSTRY RESEARCH | 27
BMI ADVISORY
Our Advisory service offers you targeted insights to support your strategic plans,
inform your decision-making and deliver thought leadership that resonates with
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Leveraging over 30 years of experience in delivering macroeconomic, industry and company financial forecasting across
200 country markets and more than 20 industry verticals, with a strong focus on emerging and frontier markets. Our analysts
are able to draw on a vast proprietary database and combine unrivalled risk analysis with ahead of the curve industry insight
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Operational Landscapes • Counterparty Risk Grading • Commissioned Survey Analysis
• Economic Feasibility Studies • Enterprise Risk • Topical Market Indices
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BMI COUNTRY RISK & INDUSTRY RESEARCH | 30
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About BMI
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