PMC Research published the ‘Macro Overview’, which stated that Georgia‘s GDP grew by 9.1% in the first quarters 2024, surpassing 2023‘s 8.0% growth. The report showed that the average real GDP grew by 9.6% between January 2024 and August 2024 with peak points of 13% and 12 % in July and august.
The sectors with the highest rates of growth were education and accommodation, while energy production fell by 9.0%. The average inflation rate was 1.1% with core inflation of 1.7%.
The National Bank of Georgia maintained its monetary rate at 8% to ensure proper inflation management and stability.
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