OGResearch Macro Portal Newsletter -- July 2024


July 1, 2024


  • Malawi is in the midst of a severe fiscal crisis with an unsustainable debt trajectory
  • Inflation will decelerate only gradually as the recent monetization episode still takes its toll
  • The currency will substantially depreciate to restore competitiveness


  • Tanzania has been enjoying a period of macroeconomic stability and solid growth since 2016
  • Inflation will likely remain close to the BoT target of 5 %
  • The shilling will depreciate only mildly as the currency remains close to its fundamental value

Read the forecasts in details on our Macro Portal.


Forecast updates in June:

  • Georgia
  • Guinea
  • Uzbekistan