TBILISI, April 7 (Xinhua) -- Amid rising global uncertainty, particularly stemming from the war in the Middle East, Georgia's economic indicators remain robust, supported by sound macroeconomic management and policies, an International Monetary Fund (IMF) mission to Georgia said Tuesday.
Alejandro Hajdenberg, who led an IMF delegation visiting Georgia from March 25 to April 7, said in a statement that the South Caucasus nation is well positioned to absorb external shocks, backed by strong macroeconomic fundamentals and policy buffers.
"Assuming the conflict is short-lived, growth is expected to remain strong, albeit moderating, extending the solid performance observed in recent years," Hajdenberg said.
On prices, he noted that while headline inflation has risen above target due to higher food and energy costs, core inflation remains contained.
Georgia's external position has strengthened, with a narrower current account deficit and gross international reserves reaching historic highs, Hajdenberg said. He added that fiscal policy remains disciplined, with public debt kept at a low level.
