Georgia Economic Outlook
March 5, 2019According to available data, the economy finished 2018 on a strong footing following a somewhat downbeat performance in Q3. Activity growth kicked into a higher gear in Q4, against the backdrop of lower inflation and healthy labor market dynamics, which boded well for consumer demand. On the external front, merchandise exports continued to surge in Q4, buoyed by robust demand from Azerbaijan, Kazakhstan and Ukraine. Looking forward, the momentum appears to have cooled in the current quarter: Economic activity came in well below last year’s average in January. Meanwhile, Fitch Ratings upgraded the country’s credit rating from BB- to BB, with a stable outlook, citing its solid growth metrics and the economy’s resilience to external shocks.
Georgia Economic GrowthGrowth should remain sturdy this year, although it is set to lose some traction amid feebler external demand. Stable inflation, a tightening labor market and healthy credit growth should prop up private consumption, while inflows of EU cohesion funds are seen sustaining healthy investment activity. FocusEconomics 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||2.69||0.0 %||Mar 11|
|Stock Market||0.1||0.55 %||Mar 11|
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