Exchange Rate in Georgia
Georgia - Exchange RateThe economy seems to have rebounded in Q2, after GDP contracted at a softer pace in Q1, although the base effect was mostly behind the upturn. Economic activity jumped by nearly a third on an annual basis, bolstered by the easing of lockdown measures which likely rejuvenated household consumption, while looser travel restrictions and sturdier foreign demand boosted the external sector. Turning to Q3, the picture appears to be mixed: A surge in Covid-19 cases in August forced authorities to reintroduce some lockdown measures, which has likely weighed on activity. That said, a quickening vaccine deployment in early September bodes well for recovery towards the end of Q3. Meanwhile, Fitch Ratings revised the outlook of Georgia's BB credit rating to stable from negative, citing improved macroeconomic stability and more sustainable public finances thanks to a credible policy framework.
Georgia - Exchange Rate Data
|Exchange Rate (vs USD)||2.40||2.66||2.59||2.68||2.86|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||2.86||0.0 %||Jan 01|
|Stock Market||0.1||0.55 %||Jan 07|
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