Georgia Economic Outlook
October 4, 2016Georgia’s economy picked up pace in the second quarter, growing 3.0% over the same period last year. The acceleration came on the back of a booming construction sector thanks to public infrastructure plans and robust growth in mining and quarrying. The government has rolled out a stimulus plan ahead of the upcoming 8 October parliamentary elections, which has been supporting economic activity. Regarding the election, polls suggest that Georgian Dream, the current governing coalition, is the frontrunner. However, the race is tight and the parliament is expected to be fragmented.
Georgia Economy Data
5 years of Georgia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||2.37||0.21 %||Oct 21|
|Stock Market||1.5||-1.75 %||Oct 20|
Georgia Economic Growth
October 4, 2016Improving business confidence and public spending plans will support the Georgian economy this year. The FocusEconomics panel sees the economy expanding 3.0% this year, which is up 0.1 percentage points from last month’s forecast. For 2017, the panel projects that growth will pick up to 4.1%.