GlobalData
GlobalData

Business Fundamentals

Inflation law drives biologic drugs to outpace small molecules in venture financing in US, finds GlobalData

Biotechs located in the US received 19% or $7.6 billion more venture financing from 2018-2023 (YTD) for biologic innovator drugs compared to small molecule innovator drugs, driven by the enactment of the inflation law in the country to drive down prescription drug prices, reveals GlobalData, a leading data and analytics company. According to GlobalData’s Pharma […]
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India economy set for robust growth in 2023, driven by domestic consumption and infrastructure boost, says GlobalData

Amidst a gloomy global economic scenario, India emerges as a ray of hope and is positioned to achieve the highest GDP growth rate among major economies in 2023. The growth will be driven by robust private consumption and investment, supported by government efforts to enhance infrastructure, logistics, and the overall business climate. However, a decline […]
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VC investment in India tumbles 74.6% YoY to $3.4 billion during January-May 2023, reveals GlobalData

India’s venture capital (VC) funding landscape faced a harsh funding winter during the first five months of 2023, witnessing a substantial 46.1% year-on-year (YoY) drop in VC deals volume and a massive 74.6% decline in funding value during the period, reflecting the challenging funding environment, according to GlobalData, a leading data and analytics company. An […]
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China venture capital funding sees decline, yet remains a force in global market, reveals GlobalData

The China venture capital (VC) funding landscape experienced a decline in both deal volume and value during January to May 2023 compared to the previous year, attributed to geopolitical tensions and recession concerns. However, China remains a dominant player in the Asia-Pacific (APAC) region and globally, showcasing its continued significance in VC funding activities, reveals […]
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High inflation and borrowing costs cloud Norway’s economic outlook for 2023, says GlobalData

Despite the challenges from the energy crisis faced by several European countries, Norway’s economy exhibited strength in 2022, supported by a sharp increase in its hydrocarbon revenue. However, elevated inflation and tighter monetary policies are anticipated to have a negative impact on private consumption, household spending, and investments in the country, potentially resulting in a […]
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Apple Vision Pro headset sparks mixed reactions on Reddit over high price, gaming limitations, reveals GlobalData

Apple’s Vision Pro, the mixed-reality headset unveiled at the June 2023 Worldwide Developers Conference, has created a substantial buzz in the tech industry. This excitement translated into a notable increase in Reddit discussions during the second week of June. Among Redditors, there is a divergence of opinions regarding the device. While some are enamored with […]
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Belgium’s economic growth to decelerate to 0.4 % in 2023, forecasts GlobalData

Economic prospects for Belgium remain uncertain as businesses face cost pressures and tighter financial conditions, and the residential construction sector is burdened by high financing costs. Elevated inflation is expected to impact domestic demand, while muted global trade prospects will weigh on its net exports. Against this backdrop, the Belgian economy is projected to grow […]
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India, Philippines, Vietnam lead business sentiment surge across Asia-Pacific in Q1 2023, reveals GlobalData

Asia-Pacific (APAC) as a business destination has witnessed improvement in sentiments of companies driven by unique market dynamics, regulatory environments, rapidly growing economies, and technological advancements. The region experienced a remarkable quarter-on-quarter (QoQ) upswing in business sentiments during the first quarter (Q1) of 2023. Notably, the countries at the forefront of this surge were India, […]
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