Business confidence in Georgia decreased by 53 points to an all-time low of -27.2 in the second quarter of 2020 from 25.8 in the previous period. Business confidence deteriorated significantly across all sectors. The largest decline was observed in retail trade, followed by the service industry. The decrease in BCI was driven by worsened past performance as well as drastically pessimistic future expectations.
Business Confidence in Georgia averaged 21.85 points from 2014 until 2020, reaching an all time high of 40.40 points in the third quarter of 2014 and a record low of -27.20 points in the second quarter of 2020. This page provides - Georgia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Georgia Business Confidence - values, historical data and charts - was last updated on October of 2020.
Business Confidence in Georgia is expected to be -16.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Georgia to stand at -8.00 in 12 months time. In the long-term, the Georgia Business Confidence is projected to trend around -4.00 points in 2021 and 1.00 points in 2022, according to our econometric models.