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Economy / Georgia

Macroeconomic Forecast Georgia

February 2013 | Macroeconomic Forecasts

BMI View: We forecast Georgian consumer price inflation to rise to 2.0% by end-2013 on the back of strong private consumption figures, and a rise in exports to Russia – as a result of a relaxation of the embargo placed on Georgian mineral water and wine in 2006 – increasing demand-side pressures. In addition rising food and energy costs – two heavily weighted components of the consumer prices basket – are set to rise marginally this year which will push up supply-side costs.

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