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Georgia : 2013 Article IV Consultation

Published: August 26, 2013
Electronic Access: Free Full Text (PDF file size is 1,618KB)
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Summary: This 2013 Article IV Consultation highlights that Georgia’s real GDP growth averaged 6½ percent in 2011–2012, about 1½ percentage points more than projected at the 2011 Article IV consultation. Inflation has declined steadily, reflecting lower food prices, lagged effects of exchange rate appreciation, and cuts in administered energy prices. The exchange rate has faced appreciation pressures, but has been kept stable against the U.S. dollar. However, the economy has slowed down markedly since mid-2012, and unemployment remains high at 15 percent. Despite the slowdown, growth could still reach 4 percent in 2013, rising to about 6 percent in 2014 and beyond.
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Series: Country Report No. 13/264
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Social policy | Current account deficits | Fiscal reforms | Monetary policy | Inflation targeting | Transparency | Economic indicators | Staff Reports | Press releases | Georgia
    Published:   August 26, 2013        
    ISBN/ISSN:   9781484343258/1934-7685   Format:   Paper
    Stock No:   1GEOEA2013004   Pages:   60
    Price:   US$18.00
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