Retail Banking Financial Update
12%
GEORGIA'S ECONOMIC OUTLOOK IN 2021
GEORGIA'S ECONOMIC GROWTH FORECAST
10%
8%
6%
4%
2.4%
2%
0%
-2%
-4%
-3.7%
-6%
-8%
2008
2009
2010
2011
2012
-Baseline scenario
2013
2014
7.4%
6.2%
6.4%
2015
2016
4.8% 4.8% 5.0%
4.4%
5.0%
3.6%
3.0% 2.9%
2017
-Downside scenario
2018
2019
2020E
-6.1%
2021F
Source: Geostat, Galt & Taggart
3.6%
"
Our brokerage and investment arm, Galt &
Taggart's forecast:
Baseline scenario - Georgia's economy
expected to rebound to 5.0% growth in
2021, assuming gradual recovery in
tourism from the second half of 2021
Downside scenario - Georgia's economy
expected to rebound to 3.6% growth in
2021, assuming slow recovery in tourism
International Monetary Fund (IMF) expects
Georgia's real GDP to grow by 4.3% in 2021
(forecast as of December 2020)
National Bank of Georgia forecasts real GDP
growth to be at 4.0% in 2021 (forecast as of
February 2021)
According to Fitch Rating's projection,
Georgia's real GDP growth is expected at 4.3%
in 2021 (forecast as of February 2021)View entire presentation