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TBC Capital Publishes Macroeconomic Update: Baseline Scenario Remains Intact, but Headwinds Strengthen
Summary by Forbes Georgia
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After a pause of about a month, the Middle East conflict has escalated again in recent days, leading to another increase in volatility in global commodity markets. As indicated in the previous TBC Capital update, the main impact of the escalation in the context of the Georgian economy is on inflation, not on economic growth. In this regard, it is noteworthy that the price of Brent crude oil reached 97 USD on September 3, the highest level since …
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