Armenia
- Growth will be supported by temporary fiscal expansion and longer impact of the Russian invasion of Ukraine
- Inflation will quickly accelerate towards the 4% target as disinflationary effect of strong currency fades
- The dram will depreciate along dissipating effects of trade relocation and slowing Russian economy
Madagascar
- Tourism rebound and agriculture performance will support growth in the next year
- Inflation will accelerate with the planned adjustment of fuel and electricity prices
- Persistently high inflation will results in a stable depreciation of the ariary
Kazakhstan
- The economy will enjoy strong growth, supported by loose fiscal policy and expanding oil production
- Strong demand and tariff increases will continue to exert pro-inflationary pressures
- The tenge will experience further pressures along with the expected depreciation of the Russian ruble
Read the forecasts in details on our Macro Portal.
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Forecast updates in September:
- Ethiopia
- Pakistan
- Tajikistan
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