Tracking Georgia's Economic Recovery

TRACKING GEORGIA'S ECONOMIC RECOVERY 40% 30% 20% 10% 0% -10% -20% -30% -40% -50% Jan-20 Feb-20 Mar-20 Remmitances +6.2% 28.7% KEY INDICATORS SHOW IMPROVING TREND, WHILE REMITTANCES REBOUNDED STRONGLY Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Exports -12.1% 8.6% Jun-20 Jul-20 Aug-20 Sep-20 Jan-20 Feb-20 Mar-20 % change y/y Apr-20 May-20 Jun-20 Jul-20 Aug-20 Imports -15.9% Trade deficit -18.5% GDP growth -5.0% 30% -9.0% -19.8% Sep-20 Jan-20 Feb-20 Mar-20 Apr-20 Annual % change in 9M20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Source: Geostat, NBG 20% 10% 0% -0.7% -10% -20% -30% -40% Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 -50% 8

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