Tracking the Recovery

19 Mar, 2021
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  • Decline in new mortgage issuance deepened in the first two weeks of March
  • Dynamics of Tbilisi's residential property transactions also worsened
  • Growth of spending on categories excluding grocery and pharmacy returning close to the pre-Covid level as most of the restrictions are eased
  • Spending on apparel displayed high growth; fitness recovered quickly after reopening, some improvement also observed for spending on entertainment
  • Spending in restaurants gradually strengthening; improvement also visible for hotels compared to February; non-cash expenses by non-residents also improving, but at a lower pace
  • Remittance inflows maintained high growth, but slightly lower compared to the week before
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