In January 2024, the economy of Georgia grew by 5.8%, after the growth of 8.3% recorded in the previous month. The said growth was mainly caused by construction, financial activities, information and communication sectors. At the same time, the real growth in trade, real estate and manufacturing industries decreased.

According to the Galt & Taggart base scenario, in 2024, the economy of Georgia is expected to grow by 6.0%, and in an optimistic scenario, a 7.0% growth is expected, while the average annual inflation in 2024 - at the level of 3.0%.

"The refinancing rate of the National Bank of Georgia, according to our baseline forecast, is expected to decrease to 8.5% during 2024. . However, by the end of this year, in our optimistic scenario, we prognosticate a reduction of the policy rate to 8.0%, currently this rate is 9.0%.

From the beginning of 2024 until now, the exchange rate of the lari against the US dollar has strengthened by 1.1% and is trading within the range of 2.66, which indicates the stability of foreign exchange inflows.

According to our basic forecast, in 2024 the GEL is expected to be within the range of 2.65 against the dollar, and within the range of 3.0 against the euro," – Galt & Taggart says.