OGResearch Macro Portal Newsletter -- July 2021

July forecast highlights:

Belarus

• The long-term implications of the recent political events (elections, plane hijacking) are serious
• Russia will remain the key source of financing
• Long-term growth outlook remains meager

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Kazakhstan

• The recovery of the Kazakh economy will slow in 2021H2
• Inflation will remain high in the near term, driven by elevated demand and one-off shocks
• We remain skeptical about the long-term outlook

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Forecast schedule:

July full updates:

• Belarus
• Kazakhstan

Coming in August:

• Armenia - Aug 23
• Myanmar - Aug 23
• Uzbekistan (interim) - Aug 13

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