Investor Presentaiton
GEORGIA'S ECONOMIC OUTLOOK IN 2021
GEORGIA'S ECONOMIC GROWTH FORECAST
12%
10%
7.4%
8%
6.4%
6.2%
6%
4%
2.4%
2%
ovo ovo
0%
-2%
-4%
-3.7%
-6%
Source: Geostat, Galt & Taggart
4.8% 4.8% 5.0%
4.4%
3.6%
3.0% 2.9%
8.6%
-6.2%
7
5.7%
Our brokerage and investment arm, Galt &
Taggart's revised 2021 growth forecasts upwards to
8.6% from the previous forecast of 7.0%.
Government and International Monetary Fund
revised Georgia's real GDP growth projection
upwards to 7.7%, expecting GDP growth in 2021 to
exceed pre-pandemic level. The National Bank of
Georgia forecasts real GDP growth at 8.5% in 2021.
Downside risks remain - delays in the vaccination
progress, as well as the potential appearance of new
COVID-19 variants may require tightening of
restrictions and may increase Lari volatility.
If the risks do not materialise, there is a likelihood of
higher real GDP growth of 11.2% in 2021.
-8%
2008 2009 2010 2011
2012
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