Ethiopia
- Planned large-scale infrastructure megaprojects will boost economic activity
- Continued existence of parallel FX market will result in further depreciation
- Strong local demand and accelerating credit growth will put upward pressure on inflation
Kazakhstan
- Economic growth is set to decelerate as oil production faces structural bottlenecks
- Steady depreciation will resume in line with the persistent inflation differential and a slowing Russian economy
- Cooling demand and sustained tight policy will eventually bring inflation down
Kyrgyzstan
- As war-related windfall gains fade, the economy is set to cool gradually
- Fading windfall gains and an eventual Russian ruble weakening will put growing pressure on the currency
- Further monetary policy tightening will bring inflation back to the 5–7 % target range
Read the forecasts in details on our Macro Portal.
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Forecast updates in April:
