OGResearch Macro Portal Newsletter -- August 2025

 

August 13, 2025

Dominican Republic

  • Economic growth will continue to benefit from a favorable business environment
  • Prudent monetary policy will keep inflation close to the target  
  • The currency will depreciate in line with inflation differential and modest productivity gains

Kyrgyzstan

  • The strong growth momentum will slow down from 2026 as the supportive effects from the war in Ukraine fade away
  • Inflation will moderate with easing supply constraints
  • The currency will start depreciating as FX inflows scale back further

Moldova

  • The economy is set to recover as the agricultural sector rebounds and external financial support continues
  • Inflation will rise temporarily due to substantial increase in energy tariffs
  • Depreciation will be moderate due to support by remittance inflows and EU funding

Uzbekistan

  • Strong investment, reform efforts, and favorable demographics will maintain the growth momentum
  • Inflation will remain elevated due to structural price distortions and pro-growth policies
  • The som will depreciate to support export earnings and preserve competitiveness

Read the forecasts in details on our Macro Portal.

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Forecast updates in August:

  • Armenia
  • Rwanda
  • Samoa
  • Vanuatu