Tracking the Recovery
- 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