“Georgia possesses stable macroeconomic indicators, strong economic growth, and a robust external position. Accordingly, the impact of global shocks on Georgia will be limited, even though these shocks have affected every country,” declared the President of the National Bank of Georgia, Natia Turnava, presenting the National Bank’s 2025 Annual Report to Parliament.

She added that this is corroborated by the fact that the economic growth forecast has not been revised downwards.

“All of this means that Georgia is better placed to withstand external shocks, and on our part, we are working to neutralise their impact to the greatest possible extent,” Natia Turnava noted.

The President of the National Bank also spoke about the factors relating to inflation that give grounds for measured optimism. As Turnava explained, the core inflation indicator is holding close to 3%; on the currency market, the lari is characterised predominantly by an appreciating trend, driven by strong currency inflows, which in turn is reducing the impact of imported inflation.

“Taking into account that the impact of external shocks on Georgia is comparatively limited, and assuming that oil prices will remain within the current range, we expect inflation to begin declining from the third quarter of this year and to return to the 3% target over the course of next year. However, this forecast is conditional and depends significantly on external factors beyond our control. That said, some domestic macroeconomic indicators provide us with a basis for making this projection,” Natia Turnava noted