BAKU, Azerbaijan, Dec. 3
By Maryana Akhmedova – Trend:
Georgia’s economic climate in the fourth quarter of 2021 has improved, compared to the same period of 2020, and to the previous quarter of the current year, Trend reports, citing the statistical data from Policy and Management Consulting Group (PMC), based on the research made by Georgian economists.
According to the research, the Georgian economy is also expected to strengthen over the next six months. Based on the results of the survey conducted in the fourth quarter of 2021, the expected real GDP growth in Georgia for 2021 is at 8.6 percent.
Meanwhile, the forecast for the particular economic sectors of Georgia for the fourth quarter of 2021 is as follows:
- The inflation rate is expected to decrease over the next six months, based on year-on-year data;
- Currently, the exchange rate of the national currency (Georgian lari) remains stable to euro, Russian ruble, and Turkish lira, however, depreciates against the dollar;
- The volume of exports, as well as, the volume of imports is expected to boost over the next six months, however, the exports volume is anticipated to increase more.
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