Georgia Economic Outlook
February 5, 2019Available data suggests growth picked up slightly in the last quarter of 2018, following a somewhat disappointing third-quarter outturn amid contractions in the manufacturing and construction sectors. Economic activity growth rebounded strongly in December, following a particularly weak performance in November when election-related uncertainties likely ate into consumption and investment gains. As a result, economic activity growth, on average, accelerated slightly in Q4 compared to Q3. In addition, exports continued to post double-digit growth in Q4, on the back of booming demand for commodities and motor cars, particularly from Azerbaijan, Kazakhstan and Ukraine.
Georgia Economic GrowthGrowth is seen losing pace this year, but should remain solid nonetheless, propped up by robust investment activity amid increased inflows of EU development funds. Meanwhile, medium-term growth should benefit from improved resilience of the financial system due to the implementation of structural reforms. Met the why particular panelists expect GDP to grow 4.6% in 2019, down 0.1 percentage points 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.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||2.64||0.0 %||Feb 14|
|Stock Market||0.1||0.55 %||Feb 14|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.