IMF Staff Country Reports

Georgia : 2013 Article IV Consultation

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

August 26, 2013

Electronic Access:

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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.

Series:

Country Report No. 13/264

Subject:

Article IV consultation reports Current account deficits Economic growth Economic indicators Fiscal policy Fiscal reforms Georgia Government expenditures Inflation targeting Monetary policy Press releases Social policy Staff Reports Transparency