OGResearch Macro Portal Newsletter -- December 2020

December forecast highlights:

Belarus

• The economy has been resilient to the pandemic and political upheaval so far
• Prospects for foreign investment and other inflows have worsened
• Country's dependence on Russia will increase

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Mongolia

• The economy contracted sharply in 2020 and will rebound mildly in 2021
• Buffers against adverse shocks remain low given high upcoming debt service
• Oyu Tolgoi mine remains the key long-term growth driver

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Forecast schedule:

December full updates:

• Belarus
• Mongolia

Coming in January:

• Kazakhstan - Jan 18
• Armenia - Jan 18

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