OGResearch Macro Portal Newsletter -- July 2025

 

July 7, 2025

Liberia

  • Bright mining sector prospects keep growth outlook favorable
  • Inflation will decline amid tight economic policies and subdued demand
  • Favorable commodity prices and mining outlook will keep currency depreciation moderate

Malawi

  • Malawi is in a full economic crisis amid large fiscal deficit, high debt service and limited foreign support
  • Elevated inflation will persist due to the recent episode of monetary financing
  • The currency will depreciate sharply to align with the parallel market exchange rate

Mozambique

  • GDP growth will rebound, supported by booming mining and recovering agriculture sector
  • Inflation will pick up along with recurring monetary financing
  • Rising black market rates and FX shortages reflect a growing misalignment and will lead to depreciation of the currency

Read the forecasts in details on our Macro Portal.

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Forecast updates in July:

  • Dominican Republic
  • Kyrgyzstan
  • Moldova
  • Uzbekistan