OGResearch Macro Portal Newsletter -- August 2024

 

August 12, 2024

Georgia

  • The economy continues to show solid performance, with healthy fiscal balance and high growth
  • Domestic demand and increasing food prices will push the inflation up
  • The lari will depreciate amid worsening external balance, driven by high demand and increasing import needs

Guinea

  • Economic growth will remain fast, supported by mining sector development
  • Lack of clear disinflationary commitment from the central bank will accelerate inflation above 10%
  • The franc will depreciate in the next two years to correct for the current misalignment

Uzbekistan

  • Private consumption and surge in investment will keep growth in 2024 robust
  • Loose fiscal policies and need to adjust administered prices will keep inflation in double-digits until 2026
  • The som will steadily depreciate due to high inflation

Read the forecasts in details on our Macro Portal.

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Forecast updates in August:

  • Armenia
  • Kazakhstan
  • Madagascar