Growth driven by private consumption expected at around 5% in post-revolution “anti-corruption” administration’s third year. Country’s ratings improving with transition seen as success to date. Popular government may fear taking on painful reforms.
Armenia and Azerbaijan have taken relatively pro-Tehran lines in the new crisis, while Georgia is sticking close by Washington.
The new budget would substantially increase tax revenues and expenditures, but the government’s macroeconomic projections have been received skeptically.
Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc