Weekly Update from the Chief Economist

18 Oct, 2021
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  • Tourism inflows remained broadly flat in September with recovering receipts from Israel
  • September remittance inflows were also in line with expectations
  • Unlike Tourism and remittances, trade in goods increased at a much stronger rate compared to our expectations, indicating to a higher than assumed September GDP growth
  • Last week, the lira weakened further. Should the GEL follow?
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