Georgia Economic Outlook
April 2, 2019According to preliminary data, annual growth accelerated to 4.5% in Q4 2018 (Q3: +3.7%). This brought the expansion for the whole year to 4.7%, a notch below the previous year’s result. A rebound in manufacturing activity, as well as a marked improvement in the construction sector following the largest contraction in five years in Q3, drove the quarterly acceleration. Meanwhile, quickening retail trade activity and higher turnover in hotels and restaurants hinted at healthy consumer demand dynamics in Q4, which was likely propped up by lower inflation and healthy labor market conditions. On a less positive note, foreign direct investment slumped significantly in 2018, weighing on overall growth. Moreover, metrics from the first quarter of this year appear less upbeat, as reflected by economic activity growth slowing in January-February.
Georgia Economic GrowthGrowth is seen losing some traction this year due to feebler external demand and slower private sector credit growth, although it should remain robust nonetheless. Strong consumer demand, underpinned by broadly stable inflation and a tightening labor market, and upbeat investment activity, bolstered by higher infrastructure spending, will power the economy. Met the why particular panelists expect GDP to grow 4.6% in 2019, unchanged from last month’s forecast, and 4.7% in 2020.
Georgia Economy Data
5 years of Georgia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2.70||0.0 %||Apr 12|
|Stock Market||0.1||0.55 %||Apr 12|
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