EDB Macroeconomic Outlook. From Recovery to Sustainable Growth

The document contains a detailed description of the current domestic and external macroeconomicconditions, and a consistent set of forecasts. The analysis covers existing mutual links among sixeconomies (Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan) and their key trading partners. Macroeconomic projections are developed by the EDB using the integrated modelling system (IMS) underpinned by a multi-country dynamic stochastic general equilibrium model. Additional information on that system is presented in a joint EDB and EEC report