Georgia: 2013 Article IV Consultation
IMF Staff Country Reports, August 26, 2013
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- Canonical URL
- Georgia: 2013 Article IV Consultation
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Bibliographic details
- Published: August 26, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484343258.002
Growth performance and outlook
- Real GDP growth averaged 6½ percent in 2011–2012.
- This outturn was about 1½ percentage points more than projected at the 2011 Article IV consultation.
- The economy slowed markedly since mid-2012.
- Growth could still reach 4 percent in 2013, rising to about 6 percent in 2014 and beyond.
Inflation, exchange rate, and energy prices
- Inflation has declined steadily, reflecting:
- lower food prices,
- lagged effects of exchange rate appreciation,
- cuts in administered energy prices.
- The exchange rate has faced appreciation pressures, but has been kept stable against the U.S. dollar.
Labor market
- Unemployment remains high at 15 percent.
Policy-relevant themes and topics identified
- Balance of payments
- Current account deficits
- Exchange rates
- Expenditure
- External debt
- Financial institutions
- Loans
- Public debt
Keywords and transmission issues
- CR
- Current account deficits
- foreign-currency lending
- Global
- government
- IMF staff estimate
- ISCR
- lari lending
- Loans
- monetary policy transmission
- monetary policy transmission mechanism
- transmission mechanism
Source: Georgia: 2013 Article IV Consultation, IMF Staff Country Reports 2013, 264 (2013).
Content in this bundle
- Georgia: 2013 Article IV Consulatation--Staff Report; IMF Country Report 13/264; August 1, 2013