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's independence after the 2012-13 political transition and strengthened its inflation-targeting framework. However, over time it … through improved inflation targeting. The program will seek to rebuild international reserves while encouraging greater …
Persistent link: https://www.econbiz.de/10010460855
Persistent link: https://www.econbiz.de/10002588498
This paper discusses Georgia's Sixth Review Under the Extended Arrangement and Requests for a Waiver of Nonobservance of Performance Criterion, Modification of Performance Criteria, and Augmentation of Access. The coronavirus disease 2019 (COVID-19) pandemic has hit the Georgian economy hard. A...
Persistent link: https://www.econbiz.de/10012249631
external demand; inflation stayed below the three percent target, the fiscal deficit remained in line with program commitments …, growth conditions were favorable, with average inflation slightly above the target reflecting increased excises …
Persistent link: https://www.econbiz.de/10012107537
This 2018 Article IV Consultation highlights that the macroeconomic performance in Georgia since the global financial crisis has been positive. Growth was higher than that in most peers. The banking sector has remained stable, and foreign reserves have increased. After two years of sluggish...
Persistent link: https://www.econbiz.de/10011915796
until inflation expectations are firmly anchored. The planned emergency liquidity assistance and bank resolution framework …
Persistent link: https://www.econbiz.de/10012178827
Georgia's performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.1 percent this year followed by...
Persistent link: https://www.econbiz.de/10012390958
on Georgia highlights economic developments and policies. Growth has remained robust and inflation subdued against the …
Persistent link: https://www.econbiz.de/10014401423
dampen growth, raise inflation, and widen the current account deficit this year. The recovery in 2021 and scaling back of … pandemic measures led to a decline in the fiscal deficit and government debt. Inflation is expected to remain higher for longer …
Persistent link: https://www.econbiz.de/10015060323
Georgia's economic performance remains robust. Growth has moderated from double digits but remains high, inflation is …
Persistent link: https://www.econbiz.de/10015058400