OGResearch Macro Portal Newsletter -- August 2019

August forecast highlights:

Armenia

• Growth accelerated, driven by a surge in remittances
• The new government started reforms to reduce corruption and improve business environment
• Agreement with the IMF paved way for substantial international support

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Cambodia

• The economy has performed better than expected
• Fast export growth is supported by production
• Decisions on tariffs by EU and the US administration still pending

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Tajikistan

• Growth is set to slow in the coming quarters
• International reserves are declining and pressure on the exchange rate is growing
• Recent rise in inflation driven by short-term supply shocks

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Forecast schedule:

August full updates:

• Armenia
• Cambodia
• Tajikistan

Coming next month:

• Moldova - Sep 2
• Uzbekistan - Sep 16