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Monthly Macroeconomic Review - May, 2020

PBO's Monthly Macroeconomic Review reflects the trends of major macroeconomic variables. The review is based on data from Geostat, National Bank of Georgia and Ministry of Finance.

• According to the GEOSTAT preliminary estimate, in April annual economic growth amounted to -16.6%
• Annual inflation amounted to 6.5% in May
• In May, GEL depreciated against USD (by 14.1%), and EUR (by 11.9%) MoM

For more details, see the complete document