TBC Equity Monthly Macro Review from Chief Economist – Sentiment and FX Buffers Again

In August, the economy grew by 12%, which exceeded TBC Capital's forecast of about 9.3-10%. Accordingly, the expectation for the full year 2024 is higher compared to the 9% that has existed so far. Among the factors of high economic activity, it is worth noting the increase of traditional tourism and local export. In terms of the GEL exchange rate, TBC...