Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tbilisi, July 30 /Xinhua/ — The National Bank of Georgia (Central Bank) has revised upward its economic growth forecast for 2025 from 6.7 percent to 7.4 percent. The new forecast also exceeds the figure set in the state budget, where economic growth for 2025 is estimated at 6 percent, the National Bank of Georgia reported on Wednesday.
According to the regulator's statement, the key factors in the forecast increase were high economic activity and improved production potential, which helps to neutralize inflationary pressure caused by stable domestic demand.
According to preliminary data, economic growth in Georgia amounted to 8.8 percent in the period from January to May 2025, which significantly exceeds the annual average.
In addition, the National Bank predicts that in 2025 the average inflation in the country will be 3.8 percent. The decision of the Central Bank's Monetary Policy Committee indicates that this year the inflation target will remain above 3 percent, although in the future it is expected to approach 3 percent.
On Wednesday, the National Bank of Georgia decided to keep the refinancing rate at 8 percent. The regulator noted that keeping the rate unchanged is advisable against the backdrop of inflation rising to 4 percent in June. –0–
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