TBC Capital Expects GDP Decline of 5-5.5% in 2020

The GDP decline is expected to be in the range of 5-5.5% in 2020, however, in the conditions of the virus increase, without additional fiscal stimulus, the 2020 growth will be deviated to the lower limit of the forecast, - says the macro-sectoral study of TBC Capital.

The investment company predicts that in 2021 the economy is expected to return to pre-crisis levels; Prior to the resumption of tourism, fiscal spending remains the main driver of growth. By the end of the year, inflation will return to 3%.

"Despite the relatively low rate of inflation, a sharp decline in the monetary policy rate is not expected, as the exchange rate remains a significant risk factor for rising prices," TBC Capital suggests.

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TBC Capital Expects GDP Decline of 5-5.5% in 2020

The GDP decline is expected to be in the range of 5-5.5% in 2020, however, in the conditions of the virus increase, without additional fiscal stimulus, the 2020 growth will be deviated to the lower limit of the forecast, - says the macro-sectoral study of TBC Capital.

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TBC Capital Expects GDP Decline of 5-5.5% in 2020

The GDP decline is expected to be in the range of 5-5.5% in 2020, however, in the conditions of the virus increase, without additional fiscal stimulus, the 2020 growth will be deviated to the lower limit of the forecast, - says the macro-sectoral study of TBC Capital.

Last 7 Days Hot Topic

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 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

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
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06