Georgia Economic Outlook
October 2, 2018Annual GDP rose 5.5% in Q2—the strongest print in nearly four years—sustained by a solid performance from the external sector. Merchandise exports soared in Q2 due robust demand from CIS countries. Available data suggests momentum carried over into Q3: the lari held its ground against major currencies throughout Q3, while higher private sector lending and an accommodative monetary policy environment likely buoyed domestic demand in August. Nevertheless, the depreciation of the Russian ruble and the Turkish lira crisis signal potential headwinds to the Georgian economy H2 2018 due to an adverse impact on trade, remittances and tourism. On 28 October, Georgians will head to presidential polls in what will be the last direct presidential vote—a College of Electors will elect the president going forward.
Georgia Economic GrowthRobust domestic demand should prop up growth this year and next on the back of solid investment activity and healthy private consumption growth. Our panelists expect GDP growth of 5.1% in 2018 and 4.7% in 2019, up 0.1 percentage points from the previous month’s forecast.
Georgia Economy Data
5 years of Georgia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||2.70||0.0 %||Oct 18|
|Stock Market||0.5||0.55 %||Oct 18|
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