OGR Newsletter February 2019


February 28, 2019

February forecast highlights:


  • Recent economic performance below expectations
  • Ongoing problems in the mining sector
  • Fiscal consolidation set to continue further


  • Inflation dropped on the back of stable exchange rate and low food prices
  • Growth expected to accelerate in 2019
  • New gas export capacities to come into operation in the coming years

Democratic Republic of the Congo

  • Situation has not yet calmed down after the December presidential elections
  • Pressures on inflation and depreciation have eased due to tighter policies
  • Political and security situation to remain fragile


  • Growth has moderated on account of slowing services and manufacturing
  • FDI held back by uncertainty about sanctions
  • Long-term outlook remains positive

Forecast schedule:

February full updates:

  • Armenia
  • Azerbaijan
  • Democratic Republic of the Congo
  • Myanmar

Coming next month:

  • Belarus - Mar 18
  • Mozambique - Mar 4
  • Tajikistan - Mar 18

February interim updates:

  • Mongolia

Coming interim updates:

  • Mongolia - Mar 8
  • Myanmar - Mar 8