The year 2015 was one of turbulence. It was a year in which the institutional foundations of the Georgian economy were tested. However, as our analysis shows, the country’s macroeconomic institutions exhibited remarkable resilience in the face of various shocks. This bodes well for the future growth prospects. Thus, in the spirit of Lewis Carroll’s adage “take care of the sense, and the sounds will take care of themselves” we can give once piece of advice to Georgian policy makers: take care of the foundations, and the facade will take care of itself.
