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 3.8%
• Annual inflation amounted to 4.8%
• GEL appreciated against USD by 1.1% QoQ and depreciated by 5.9% YoY
• Negative overall balance of consolidated budget amounted to GEL 1,671.1 million
• Dollarization coefficient increased on both deposits and loans
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