G&T: Inflation Rate in Georgia will Reach 4.5% in 2021

Investment bank Galt And Taggart has released its 2021 inflation forecast.

According to the document, the investment bank forecasts an inflation rate of 4.5% this year.

Galt And Taggart's prediction is based on several assumptions, including the Georgian lari exchange rate, the risk of a pandemic and, consequently, quarantine prolongation, and rising world prices. In addition, the document states that the National Bank will have the opportunity to reduce the monetary policy rate or the price of money in the event of a resumption of tourism, and the value of one US dollar will be about 3.1 GEL. At present, the monetary policy rate is quite high, at 8%.

Recall that in December 2020, the country recorded -1% inflation, or deflation, while the annual growth rate of the general level of prices is 2.4%.

The Investment Bank also predicts that the Georgian economy will begin to recover and grow in the second quarter of 2021.

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G&T: Inflation Rate in Georgia will Reach 4.5% in 2021

Investment bank Galt And Taggart has released its 2021 inflation forecast.

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G&T: Inflation Rate in Georgia will Reach 4.5% in 2021

Investment bank Galt And Taggart has released its 2021 inflation forecast.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
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