Georgia: Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement
Electronic Access:
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Summary:
Recent economic developments. Economic activity remained strong in 2018H1 but decelerated since due to subdued private construction activity and delays in public infrastructure. Inflation has remained below the 3-percent inflation target in 2018. Higher revenues and lower investment resulted in a fiscal surplus through September 2018. Against the background of high credit growth, the authorities introduced regulations to limit household over-indebtedness. The banking sector remains well capitalized, liquid, and profitable, but dollarization remains high.
Series:
Country Report No. 2018/373
Subject:
Credit External debt Financial institutions Foreign exchange Loans Money Public debt
English
Publication Date:
December 19, 2018
ISBN/ISSN:
9781484391549/1934-7685
Stock No:
1GEOEA2018007
Pages:
74
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