According to the Parliamentary Budget Office's macroeconomic forecasting model (PBOMFM), Georgian economy will grow by 4.9% in 2018, while in the medium-term (2018-2021) forecasted real GDP growth rate on average equals to 5.3%.
PBO forecasts that net lending/borrowing and fiscal balance will amount to -1.1% and -3.1% of GDP in 2018, respectively. PBO's forecasts of net lending/borrowing and fiscal balance are slightly lower than that of MOF. This mainly due to the fact that PBO's projection of nominal GDP is higher (41,282 MLN GEL), while tax revenue projections (10,447 MLN GEL) are almost the same.
Macroeconomic Forecasts - December 2017
- Tuesday, 19 December 2017 09:30
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