Annual exports amounted to 66.7%. As for imports, after a sharp decline in the previous month, the import growth rate was even stronger, indicating higher domestic demand.

As the chief economist points out, based on trade data, it can be said that by 2022 the baseline scenario of more than 5.5% growth in TBC Capital's economy is still valid.

To be reminded, the |National Bank of Georgia kept its monetary policy rate unchanged. The Committee also touched upon the recent dynamics of larization and consumer lending. According to the Investment Bank, additional restrictions on foreign currency loans are not expected in the near future, as given the current difficult geopolitical background, this may have a negative impact on the GEL exchange rate.

In terms of consumer lending, if the growth rate of this segment significantly exceeds the nominal growth rate of the economy, according to the economist, there is a high probability that the regulatory framework will be further tightened.