Galt & Taggart forecasts 6% economic growth for Georgia in 2026

Galt & Taggart projects Georgia’s economy to expand by 6 per cent in 2026, accompanied by annual inflation of 3 per cent, according to a forecast cited by Caliber.Az from Georgian media sources.

The report notes that average annual inflation is expected to slow to 3.0 per cent next year, compared with a projected 3.9 per cent in 2025. This trend, analysts say, will enable the National Bank of Georgia to reduce the monetary policy rate by 50 basis points to 7.5 per cent during 2026.

According to Galt & Taggart’s projections:

– Inflation is expected to begin easing from March 2026. Continued substantial foreign currency inflows—especially from the tourism sector, where revenues are forecast to reach 4.9 billion dollars—along with a stable lari and declining inflationary pressures, will support economic expansion.

– Economic activity will further benefit from a 9.4 per cent year-on-year increase in government capital spending and the anticipated loosening of monetary policy.

– The Georgian lari is expected to remain stable in 2026, provided that foreign currency inflows continue to grow.

By Tamilla Hasanova