Tracking the Recovery

28 May, 2021
  • Growth of new mortgages issued on negative territory, standing at -6% in the period of 1-23 May
  • Number of residential properties sold in Tbilisi posted a sharp decrease due to the high base of transactions in May 2019
  • Growth of non-resident non-cash spending posted an improvement compared to April
  • Non-cash spending on restaurants & cafes on positive growth territory, due to eased restrictions and probable pent-up demand
  • Growth of non-cash spending stabilized for furniture and appliances, while a marginal decrease was observed for construction materials
  • Remittance inflows returned to the double-digit growth in the third week of May
  • The effect of the eased restrictions in Georgia visible in google mobility dynamics
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