OGResearch Macro Portal Newsletter -- September 2020

‍September forecast highlights:

Madagascar

• Decline in tourism and export revenues will push the economy into recession
• IFIs will provide the needed financing for this year
• Inflation has decelerated on account of food price, but will rebound soon

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Tajikistan

• Even without a lockdown, the growth will decelerate in the second half of 2020
• IMF support calmed the market and temporarily stabilized the sonomi
• Fragile fiscal position will hinder growth and stability going forward

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Forecast schedule:

September full updates:

• Madagascar
• Tajikistan

Coming in October:

• Laos - Oct 19
• Ukraine - Oct 5
• Uzbekistan - Oct 19

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