OGResearch Macro Portal Newsletter -- October 2024

 

October 1, 2024

Ethiopia

  • Government has initiated a broad reform agenda to stabilize the macroeconomic situation
  • After aligning official exchange rate with parallel market, depreciation will slow down supported by foreign inflows
  • Inflation will remain high as the NBE lacks credibility and a clear mandate to engineer disinflation

Pakistan

  • Growth will slow down amid ongoing fiscal consolidation
  • High inflation expectations and a weak central bank mandate will keep inflation elevated over the next five years
  • Steady depreciation will be necessary to maintain competitiveness

Tajikistan

  • Growth will moderate in the next years as the positive factors from high remittance inflows dissipate
  • Inflation will pick up quickly as the effect of the good regional harvest fades
  • Mounting external balance pressure will result in a swift somoni weakening

Read the forecasts in details on our Macro Portal.

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Forecast updates in October:

  • Haiti
  • Mongolia
  • Sierra Leone