NBG Acting President: Georgia's economy withstood external shocks, demonstrated resilience

15:38, 27.12.2023

Georgia’s economy and banking-financial system withstood external shocks and demonstrated high resilience, said Natia Turnava, Acting President of the National Bank of Georgia (NBG).

Natia Turnava explained that external shocks and unforeseen factors could put pressure on small economies.

She further clarified that the Georgian economy resisted two major shocks: the first was the Covid pandemic and the second – the Russia-Ukraine war and developments in the Near East.

“Both tragedies had a significant impact on our region, and it is very important that against the background of these shocks, the financial system has withstood and demonstrated a high level of resilience. This gives us optimism that we will resist similar shocks in the future,” she said.

By - Elene Dobordjginidze

Economics

Natia Turnava