IMF in Georgia - Staff Concluding Statement of the 2021 Article IV Mission:
The recovery has recently gained impressive momentum. Monthly estimates suggest a strong rebound in the second quarter of 2021 with growth now expected to reach 7.7 percent for the year, a significant upgrade from just a few months ago, which implies that output will exceed its 2019 level this year. Robust growth in remittances and exports, and early signs of a faster than expected rebound in tourism have supported the recovery and should contribute to a narrowing of the current account deficit compared to its elevated 2020 level. Inflation accelerated to 9.9 percent year-on-year in June, largely reflecting utility price increases, higher commodity prices, and elevated input costs. High inflation is expected through the end of the year, befor\e declining rapidly in 2022 as these temporary effects fade.
Source: International Monetary Fund
See detailed information: https://www.imf.org/en/News/Articles/2021/07/16/mcs071921-georgia-staff-concluding-statement-of-the-2021-article-iv-mission