OGResearch Macro Portal Newsletter -- September 2020


October 5, 2020

September forecast highlights:


  • 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


  • 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

Forecast schedule:

September full updates:

  • Madagascar
  • Tajikistan

Coming in October:

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