QUARTERLY MACROECONOMIC REVIEW

QUARTERLY MACROECONOMIC REVIEW - I Q, 2020

Tuesday, 12 May 2020 06:07
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Each month/quarter, PBO issues short macroeconomic reviews. Those monthly/quarterly reviews, which are based on information from the Geostat, National bank of Georgia and Ministry of Finance and use PBO estimations, provide information on the monthly/quarterly status of core macro aggregates.

HIGHLIGHTS

According to preliminary estimate real GDP growth amounted to 1.5%
Annual inflation amounted to 6.3%
GEL appreciated against USD by 0.7% QoQ and depreciated by 8.8% YoY
Negative overall balance of consolidated budget amounted to GEL 316.9 million
Dollarization coefficient increased on both deposits and loans

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I-quarter-2020

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