OGResearch Macro Portal Newsletter -- April 2020
May 11, 2020
April forecast highlights:
Belarus
- Disputes with Russia and COVID-19 outbreak imply negative growth in 2020
- Despite forex, currency weakened in tandem with the Russian ruble
- Long-term prospects remain meager
Georgia
- Near-term outlook worsened due to COVID-19
- The NBG has maintained tight stance, but gradual easing is expected
- We expect return to positive GDP growth in 2021
Moldova
- New government secured sizable loans from Russia
- Political outlook remains very uncertain
- Growth will turn strongly negative in 2020 due to COVID-19 pandemic
Forecast schedule:
April full updates:
Coming in May:
- Kyrgyzstan - May 4
- Mozambique - May 18