Georgia: 2013 Article IV Consultation

August 26, 2013

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Georgia: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This 2013 Article IV Consultation highlights that Georgia’s real GDP growth averaged 6½ percent in 2011–2012, about 1½ percentage points more than projected at the 2011 Article IV consultation. Inflation has declined steadily, reflecting lower food prices, lagged effects of exchange rate appreciation, and cuts in administered energy prices. The exchange rate has faced appreciation pressures, but has been kept stable against the U.S. dollar. However, the economy has slowed down markedly since mid-2012, and unemployment remains high at 15 percent. Despite the slowdown, growth could still reach 4 percent in 2013, rising to about 6 percent in 2014 and beyond.

Subject: Balance of payments, Current account deficits, Exchange rates, Expenditure, External debt, Financial institutions, Loans, Public debt

Keywords: CR, Current account deficits, Foreign-currency lending, Global, Government, IMF staff estimate, ISCR, Lari lending, Loans, Monetary policy transmission, Monetary policy transmission mechanism, Transmission mechanism

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/264
Stock No:

1GEOEA2013004
ISBN:

9781484343258
ISSN:

1934-7685

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