Georgia
- The benefits of RU-UA war will persist in the coming quarters
- Inflation will pick up amid strong demand and fading disinflationary factors
- We expect lari to weaken along the drying out of war-related inflows
Kazakhstan
- Growth will be solid in the next two years, supported by loose fiscal policy
- The inflation will remain above NBK’s 5% target at least until 2025
- Short-term currency pressures will remain contained due to large FX buffers and tight monetary policy
Rwanda
- Solid economic growth will be sustained by ongoing inflow of foreign aid
- Prudent monetary policy will keep inflation at 5 % on average
- The franc will gradually depreciate amid weak external balance
Read the forecasts in details on our Macro Portal.
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