Economy / Georgia
Private Demand To Remain Weak Through 2010
June 2010 | Economic AnalysisOur core view for weak consumer demand to prevent a sharp rebound in real GDP growth in Georgia this year remains firmly on course. A 125bps hike in interest rates reinforces our core view that commercial bank lending to firms and households will not bounce back strongly, while unemployment will remain stubbornly high and remittances appear unlikely to return to pre-crisis levels in the near term.
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