OGResearch Macro Portal Newsletter -- November 2025

 

November 8, 2025

Mongolia

  • Economic performance will remain solid, supported by expanding mining sector
  • Inflation will remain well above the target, driven by tariff hikes and inefficient monetary transmission
  • The currency depreciation will accelerate to correct for the current misalignment

Tajikistan

  • The growth will remain strong in the next few years, supported by solid demand and energy investments
  • Strong domestic demand and price deregulations will gradually push inflation up
  • The currency will begin to depreciate in response to the Russian ruble weakening

Read the forecasts in details on our Macro Portal.

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Forecast updates in November:

  • Sierra Leone
  • Moldova
  • Ukraine