In the first half of 2017, Brazil’s economy reached a turning point, exiting from the deepest recession in decades. The economy was supported by a record agricultural harvest and an uptick in consumption, as a result of lower inflationary pressures, decreasing borrowing costs and positive sentiments over the adopted government reforms. Based on these fundamentals, in October 2017, the IMF raised its growth estimates for Brazil’s economy from 0.3% to 0.75% in 2017, and from 1.3% to 1.5% in 2018. The institution defended the government drive towards fiscal sustainability, including the adopted public spending cap in December 2016 and the ongoing pension reform, as key measures for the recovery of confidence and private sector investment. Nevertheless, economic growth is projected to remain subdued in the medium term, at about 2% per year through 2022, mainly due to the recent rise in political instability that poses risks to the government’s reform agenda. New corruption investigations surrounding top government officials coupled with the upcoming general elections in October 2018, are rapidly closing the window for legislative action. Notably, reforms of the pension system, public healthcare, tax code, and infrastructure concessions regime are seen as essential to support macroeconomic stability, secure confidence and bring the economy back to its potential.

The government of Bosnia's Federation approved BAM64.68mn for the programme of modernization of roads in 2017 in terms of financing from international financial institutions and BAM31.81mn from public funds (Sarajevo Times). Bosnia's Federation signed EUR221mn loan deals with the EBRD to finance road projects, in February 2018 EBRD said it will be investing more than EUR700mn in Bosnian road infrastructure. Bosnia's Autoputevi RS signed a motorway construction deal with Chinese group. Bosnia's Serb Republic launched Banja Luka-Drugovici motorway section (SeeNews). Bosnia's Tuzla International Airport launched a EUR3.1mn expansion project (SeeNews). • Bosnia's Serb Republic railway operator signed a deal with Chinese group for the reconstruction of the Banja Luka-Novi Grad railway line. Chinese interest to build the railway line Vares-Banovici.

政府出台政策大力推动行业发展，要求 2018 年底为“一带一路”地区提供全面的北斗导航服务。为此，北斗卫星进入密集发射期，继 2012 年北斗二号的 16颗卫星之后，北斗三号卫星于 2017 年底正式发射，目标 2018 年发射 16 颗，为历年发射数量之最，届时将基本完成全球 35 颗卫星的组网任务，提前完成 2020年目标。与此同时，地基增强系统（CROS）一期建设已于 2016 年底完成，可提供基本的高精度服务，2018 年底二期补充建设工程即将结束，届时可提供全面的高精度导航服务。

此次组建自然资源部和生态环境部打破了原来各部门间数据阻隔以及重复监管问题，避免了地理信息应用重复建设，更重要的是解决了地理信息产业范围不断扩大与测绘为基础的监管部门传统管理理念的矛盾，为未来地理信息产业市场化和创造新的地理信息服务模式打下了良好的基础。我国地理信息产业将迎来春天，与其他行业深度融合，提升行业应用水平成为当务之急。

我国军工行业已走过“初期阶段”，目前处于从“发展阶段”向“快速扩张阶段” 过渡，行业总体表现出军品订单充足、需求旺盛、长期向上、增速均衡的特点，但行业整体发展模式单一，国内军品的行业特性限制了军工企业的盈利空间与能力。 

3 月 31 日，我国在太原卫星发射中心用长征四号丙运载火箭，以“一箭三星”方式成功将高分一号 02、03、04 卫星送入预定轨道，至此，本年度我国已圆满完成 10 次航天发射任务。全年预计有近 40 次发射，这些发射还承担了诸多重大系统工程任务，例如：北斗卫星的组网、嫦娥 4 号月球探测器等。

2018 年我国计划发射 18颗左右北斗三号组网卫星，目前已发射 6 颗，进展明显快于 2017 年，为“一 带一路”沿线国家和地区优先提供服务，2020 年底，将建成 35 颗卫星的完整系统，为全球用户提供定位、导航等服务。较之二号系统，北斗三号覆盖范围更广，定位、授时精度提高 1 倍以上，北斗三号的组网将有效带动北斗手持终端、芯片等产业链中上游设备的换装需求，并有效提升下游运营服务质量及扩展应用场景。

Low cost airlines are passenger carriers, which offer travelling service at relatively cheaper rate compared to other airlines (full service or traditional airline). Low cost airlines are also known as “no frills airlines,” “prizefighters,” “low-cost carriers (LCC),” “discount airlines,” and “budget airlines.” Some of the popular low cost airlines include Ryanair and EasyJet.