World Bank lowers forecast for Georgian economy growth for 2019


Georgia's GDP will grow by 4.6% in 2019, the World Bank expects. In a review of the economic situation in Europe and Central Asia, the bank lowered its forecast for Georgia’s economic growth against a previously expected recovery by 5%, which is explained by a weakening of external demand, as well as measures taken by the National Bank to encourage responsible lending. In the future, World Bank expects the acceleration of growth rates: in 2020 - to 4.8%, in 2021 - to 5%. The medium-term growth of the Georgian economy will ensure increased investment and increased external demand, which is expected due to a more favorable economic situation in Azerbaijan, Russia and Turkey. According to World Bank's estimates, inflation in the country for the next 2 years will be kept near the target level of the National Bank of Georgia - 3%. According to the forecast of the Georgian government, the economy of Georgia will grow by 4.5% in 2019.  

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong