Money in Georgia
Georgia - MoneyMomentum appears to have largely carried over into the second quarter, on the heels of the external-sector fueled expansion at the outset of the year. Economic activity growth was above Q1’s average in April, thanks to soaring merchandise exports. On a less positive note, soft momentum in the domestic economy likely persisted in Q2. Inflation jumped in April–May which, coupled with a weaker lari and the unemployment rate rising for a fourth consecutive quarter in Q1, likely weighed on consumer demand. In other news, relations between Moscow and Tbilisi soured in June, after anti-Russian protests erupted in the Georgian capital. The Kremlin’s retaliatory action against commercial flights and wine exports is likely to hurt Georgia’s external sector going into the third quarter.
Georgia - Money Data
|Money (annual variation of M2 in %)||33.2||9.1||-2.5||12.9||29.4|
5 years of economic forecasts for more than 30 economic indicators.
Georgia Money Chart
Source: National Bank of Georgia.
|Exchange Rate||2.85||0.0 %||Jul 11|
|Stock Market||0.1||0.55 %||Jul 11|
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