Georgia’s Economic Situation For The Next 6M Are Negative - PMC Research Centre

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07.Dec .2022 17:36

Georgia’s Economic Situation For The Next 6M Are Negative - PMC Research Centre

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Author:Natia Taktakishvili

PMC Research Centre has updated the review of Georgian Economic Climate for 2022, which was conducted in November. According to the agency, 60 experts assessed the country's economic climate.

In a survey of Georgian economists conducted in the fourth quarter of 2022, Georgia’s present economic situation was assessed positively. Economists’ assessment of the present economic situation has improved compared to their previous assessments for both the third quarter of 2022 and the fourth quarter of 2021.

"However, the surveyed economists’ predictions for Georgia’s economic situation for the next six months were negative. Their expectations have worsened compared to the positive predictions for the next six months they made in the third quarter of 2022, as well as in the fourth quarter of 2021", - the repeort reads.

In addition to assessing the current economic situation and gathering expectations for the next six months, the
surveyed experts also made predictions with regard to Georgia’s main economic indicators. According to the results of
the survey: The expected real GDP growth for 2022, on average, is 9.5%, the inflation rate (year-on-year) is expected to decrease for the next six months.

At present, the surveyed economists assessed the Georgian lari as: undervalued against the US Dollar and Euro; and overvalued against the Russian Rouble and the Turkish Lira.

PMC Research Center