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4.0 Real Economy 4.1 Industrial production
Industrial production rises 2.1% y/y in 3Q20
Georgia’s industrial production increased 2.1% in the third quarter of 2020, recovering from a contraction of 5.3% in the previous quarter, according to the National Statistics Office of Georgia.
Production expanded at a slower pace for manufacturing and electricity, gas, steam and air conditioning supply sectors. Meanwhile, output rose in the mining and water supply and waste management sectors.
4.2 Inflation 4.2.1 CPI dynamics
Rising inflation in Emerging Europe poses dilemma for central banks
Inflation has been rising across much of Emerging Europe and Eurasia, pushed by commodity and food prices. Now with economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even higher, reawakening an issue that had long been ignored.
Unlike Western Europe, most of Emerging Europe has left deflation well behind it.
17 GEORGIA Country Report May 2021 www.intellinews.com
