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 fell by 12.6%
- Annual inflation amounted to 6.5%
- GEL depreciated against USD by 0.8% QoQ and depreciated by 12.7% YoY
- Negative overall balance of consolidated budget amounted to GEL 759.8 million
- Dollarization coefficient increased on both deposits and loans
For more details, see the complete document
