## Georgia: 2013 Article IV Consultation

_IMF Staff Country Reports, August 26, 2013_

## Source details

**Canonical URL:** [Georgia: 2013 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/georgia-2013-article-iv-consultation-40886)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/georgia-2013-article-iv-consultation-40886/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/georgia-2013-article-iv-consultation-40886/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/georgia-2013-article-iv-consultation-40886/bundle-manifest.json)

## 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**
  - [Georgia: 2013 Article IV Consulatation--Staff Report; IMF Country Report 13/264; August 1, 2013 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13264.pdf.md){rel="alternate" type="text/markdown"}
  - [Georgia: 2013 Article IV Consulatation--Staff Report; IMF Country Report 13/264; August 1, 2013 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13264.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/georgia-2013-article-iv-consultation-40886_