In June 2020, the TBC Capital analytical group evaluated the impact of the COVID-19 pandemic on the Georgian economy.
The evaluation says no sharp depreciation of the GEL exchange rate is expected.
By the end of 2020, the value of the national currency will stabilize and be about 3.0.
For the end of 2020, inflation expectations fell from 5% to 4.5%, and hopes for the refinancing rate - from 8% to 7.75%.
Following the TBC Capital, the basic scenario says that Georgia's economic growth forecast for 2020-2021 has not changed.
Namely, in 2020 the economy is projected to shrink by 4.5-5.5%, and in 2021 the economic growth will reach 5.0-6.0%.
As a reminder, one USD costs 3.0551 GEL today, while one EUR costs 3.4266 GEL.
One USD cost equals 3.0623 GEL at Bloomberg.