The National Bank of Georgia has raised its 2026 forecasts: economic growth to 6.5 % and inflation to 4.9 %.
The National Bank of Georgia has updated its projections for economic growth and inflation in 2026. According to the revised outlook, Georgia’s economy is expected to grow by 6.5% this year, while inflation is projected to reach 4.9 %. Previous forecasts estimated 5 % economic growth and 3.7 % inflation.
Based on the National Bank’s report, the upward revision of the economic growth forecast was driven by the 9.1% economic expansion recorded in the first quarter. The increase in the inflation forecast was influenced by ongoing developments in the Middle East, rising oil prices, and higher electricity tariffs.
In April, inflation reached 5.9 %, prompting the National Bank to raise the refinancing rate by 0.25 percentage points to 8.25 %.
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