Georgia: 2018 Article IV Consultation, Second Review under the Extended Fund Facility Arrangement, and Request for Modification of a Quantitative Performance Criterion – Press Releases; Staff Report; and Statement by the Executive Director for Georgia
IMF Staff Country Reports, June 28, 2018
Source details
- Canonical URL
- Georgia: 2018 Article IV Consultation, Second Review under the Extended Fund Facility Arrangement, and Request for Modification of a Quantitative Performance Criterion – Press Releases; Staff Report; and Statement by the Executive Director for Georgia
Other formats
Bibliographic details
- Published: June 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484364055.002
Summary of macroeconomic findings
- Macroeconomic performance in Georgia since the global financial crisis has been positive.
- Growth was higher than that in most peers.
- The banking sector has remained stable.
- Foreign reserves have increased.
- After two years of sluggish growth following the 2014 regional slowdown, growth has picked up and the external position strengthened.
- Supported by external demand and buoyant consumption, real GDP grew 5 percent in 2107.
- The near-term outlook has improved moderately and the output gap is expected to close gradually in 2019–20.
- Over the medium to long term growth is expected to accelerate moderately and external vulnerabilities to decrease, thanks to the dividends from structural reforms.
Subject areas and keywords
- Subject: External debt, Financial institutions, Loans, Public debt, Revenue administration, Tax administration core functions
- Keywords: Asia and Pacific, Central Asia, CR, credit dollarization, Eastern Europe, Europe, Global, government, government efficiency, inflation targeting framework, ISCR, Loans, monetary policy stance, parliament, policy, staff appraisal, Tax administration core functions
International Monetary Fund. Georgia: 2018 Article IV Consultation, Second Review under the Extended Fund Facility Arrangement, and Request for Modification of a Quantitative Performance Criterion – Press Releases; Staff Report; and Statement by the Executive Director for Georgia. IMF Staff Country Reports 2018, 198 (2018).
Content in this bundle
- Country Report