A key inflation index leaps. Getting worried?

Many economists forecast that the U.S. economy is poised to recover, albeit somewhat unevenly, from the historic disruptions caused by the pandemic. But the latest Consumer Price Index (CPI) report out this week has further stoked public worry that rising inflation could…

10 mins read

IMF expects Georgia GDP growth to rebound to 4.3 % in 2021

The FINANCIAL — An International Monetary Fund (IMF) staff team led by Mercedes Vera Martin conducted virtual discussions from October 5 to November 9, 2020, on the Seventh Review under the Extended Fund Facility (EFF) arrangement. At the conclusion of the mission,…

8 mins read

September 2020: Inflation rate in Georgia

The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (September 2020) according to which the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 3.8 percent.…

4 mins read

ADB maintains Georgia’s growth outlook at 4.5% for next year

The FINANCIAL — A new Asian Development Bank (ADB) report, the Asian Development Outlook 2020 Update said that Georgia is forecast to return to the economic growth of 4.5 percent in 2021 thanks to expected recoveries in tourism, private consumption, investment, and net…

4 mins read

August 2020: Inflation rate in Georgia

The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (August 2020). The Consumer Price Index decreased 0.02 percent compared to the previous month, while the annual inflation rate amounted to 4.8 percent. With regard to the annual…

5 mins read

July 2020 inflation rate in Georgia

The FINANCIAL — National Statistics Office of Georgia published data of inflation rate in Georgia (July 2020). The Consumer Price Index decreased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 5.7 percent. With regard to the…

3 mins read