Georgian Economic Climate (Q4, 2022)

The main findings of the survey of Georgian economists conducted in the fourth quarter of 2022 are:

• Georgian economists have a positive assessment of Georgia’s present economic situation.
• Though their predictions for Georgia’s economic situation for the next six months are negative.
• Almost 90% of surveyed economists think that high inflation currently represents the highest threat to the Georgian economy.
• 94% of surveyed economists think that among other policy approaches tighter fiscal policy is likely to be the most effective in tackling inflation in Georgia. Similarly, 89% believe in the effectiveness of imposing a tighter monetary policy.
• The majority of Georgian economists (44%) think that the Estonian model for profit tax should be applied to the financial sector in Georgia from 2023.