Fiscal Balance in Georgia
Georgia - Fiscal BalanceAccording 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 - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.1||-2.0||-1.1||-1.4||-0.9|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Fiscal Balance Chart
Source: Statistics Georgia.
|Exchange Rate||2.69||0.0 %||Mar 11|
|Stock Market||0.1||0.55 %||Mar 11|
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