Georgia: Selected Issues

June 28, 2018

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Format: Chicago

Georgia: Selected Issues, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This Selected Issues paper assesses macroeconomic and structural reforms in Georgia. The government’s reform package includes a fiscal policy within a declining deficit path which intends to incentivize private investment, a scaling up of public investment, improvement in government’s efficiency, and an education reform. Based on modeling analysis, the implementation of this package will provide significant benefits to the economy. Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline and—in the path toward the new equilibrium—annual growth about 0.7 percentage points higher over the medium term. The education reform has sizeable effects, but they only come into effect in the long term.

Subject: Education, Employment, Export diversification, Exports, International trade, Labor, Labor force, Labor markets

Keywords: CR, Employment, Export diversification, Export product diversification, Exports, GDP, GDP growth, Georgia, Global, ISCR, Labor markets, Monetary policy stance, National bank of Georgia, Product, Productivity growth

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/199
Stock No:

1GEOEA2018004
ISBN:

9781484364062
ISSN:

1934-7685

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