US EditionStrong Growth and Somewhat Elevated Inflation
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According to preliminary data from Geostat, annual GDP growth in April amounted to 7.5%, and in the first four months of the year it averaged 8.8%, which again exceeds our expectations. At the same time, as we highlighted in the May monthly update, in May, most preliminary indicators point to an acceleration in economic activity. In particular, the dynamics of growth in total non-cash spending and non-resident spending are noteworthy, while the …
·Tbilisi, Georgia
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