Georgia Economic Outlook
June 4, 2019Economic growth accelerated in Q1 as Russia’s surging appetite for Georgian commodity exports boosted the external sector. Domestic demand metrics, however, were less upbeat in Q1: A rise in unemployment and a jump in inflation, which more than doubled from the previous quarter, likely curbed real income growth and weighed on consumer spending. Turning to Q2, growth appears to have remained vigorous. Economic activity growth came in above Q1’s average in April, largely thanks to impressive merchandise exports growth. Meanwhile, on 13 May, IMF staff approved a further USD 41.6 million of additional financing. Subject to approval by the executive board, this will bring total disbursements under the program to around USD 207.9 million.
Georgia Economic GrowthGrowth is seen broadly stable this year despite the volatile external setting and decelerating private sector credit growth. The accommodative monetary policy environment, gradually improving labor market and healthy investment activity, bolstered by higher infrastructure spending, should all drive consumer demand. Met the why particular panelists expect GDP to grow 4.6% in 2019, which is unchanged from last month’s forecast, and 4.6% again in 2020.
Georgia Economy Data
5 years of Georgia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2.74||0.0 %||Jun 13|
|Stock Market||0.5||0.55 %||Jun 13|
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