Quarterly Macroeconomic Review

Quarterly Macroeconomic Review - IV Q, 2020

Monday, 01 March 2021 16:42
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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 fell by 6.5%
Annual inflation amounted to 3.3%
GEL depreciated against USD by 5.2% QoQ and by 9.9% YoY
Negative overall balance of consolidated budget amounted to GEL 1,826.2 million
Dollarization coefficient increased on deposits and decreased on loans

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Quarterly Macroeconomic Review - IV Q, 2020

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