Macroeconomic Forecast Georgia

BMI View: Annual inflation ticked up in April, reaching 6.2% from 4.7% a month earlier, as higher fuel costs are gradually passed onto consumers and bad weather delays the seasonal fall in food prices. We had anticipated a rise in price growth, and retain our forecast of 7.8% for end-year inflation, easing back to 6.4% in 2007. If the bad weather continues this summer, this figure could be even higher, whilst the impact of costlier Russian gas will be felt mainly in the coming

To read the full article, please choose one of the following options: