Kazakhstan
- The growth will slow in tandem with fiscal consolidation
- Strong domestic demand will keep inflation well above the 5 % target in 2023–2024
- The tenge will weaken due to high import demand and Russian ruble depreciation
Madagascar
- Long-term growth outlook remains downbeat amid low investment
- A one-off tariff adjustment next year could push inflation to above 10 %
- The ariary will continue depreciating amid slow productivity growth and a high
inflation differential
Sierra Leone
- The economy continues to be strongly affected by high fiscal deficits and their monetization by the central bank
- Inflation will decline gradually with fiscal tightening in 2024-2025, but will remain high on average in the long run
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Forecast schedule
Recent forecast updates:
- Kazakhstan
- Madagascar
- Sierra Leone
Upcoming forecast updates:
- Azerbaijan (Sep 18)
- Liberia (Sep 4)
- Mozambique (Sep 18)