Inflation in Georgia
Georgia - InflationThe economy grew 29.9% year-on-year in the second quarter (Q1 2021: -4.5% yoy), marking the strongest result since our current records started in 2011. The upturn was broad-based, with the key manufacturing, and retail and wholesale trade sectors spearheading the expansion. That said, the reading was flattered by a significant base effect after GDP fell at a record pace in Q2 2020. Turning to Q3, the recovery seemingly lost momentum amid the reintroduction of some lockdown measures, which brought economic activity growth down to single digits in July–August. More positively, a quickening vaccine rollout and subsiding new Covid-19 cases bode well for the economy going into the final quarter of the year. Meanwhile, on 20 September, Moody’s affirmed Georgia's Ba2 credit rating and kept the outlook stable, citing an effective macroeconomic policy response to the pandemic-induced downturn.
Georgia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.0||2.1||6.0||2.6||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Inflation Chart
Source: National Bank of Georgia.
|Exchange Rate||2.86||0.0 %||Jan 01|
|Stock Market||0.1||0.55 %||Jan 07|
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