OGResearch Macro Portal Newsletter -- June 2021

June forecast highlights:

Mongolia

• The short-term outlook is supported by solid terms of trade and investment
• Recently announced plans threaten to erode fiscal sustainability
• Inflation will remain high in the near term due to temporary shocks

Uzbekistan

• We remain skeptical about timely implementation of the reform agenda
• Disinflationary targets are overly ambitious
• Strong investment will keep GDP growth high

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Forecast schedule:

June full updates:

• Mongolia
• Uzbekistan

Coming in July:

• Belarus - July 19
• Kazakhstan - July 7
• Myanmar (interim) - July 16
• Uzbekistan (interim) - July 16

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