The National Bank of Georgia (NBG) increased the economic growth forecast for 2023 from 4 to 4.5%.
According to the NBG acting governor Archil Mestvirishvili, the bank considers the migration factor and inflow of money from abroad as one of the main determinators of economic growth to be temporary.
“These inflows, and perhaps the excess liquidity we have now, may stop at some point. The economy and financial sector should be ready for that,” he explained.
