03.Apr .2020 18:48

Agriculture is forecast to decline marginally by 0.7% in 2020 – ADB

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According to the Asian Development Bank (ADB), agriculture is forecast to decline marginally by 0.7% in 2020.

The ADB does not specify what trends they are observing, as the sector is being recognized as a priority by the Georgian government even in the period of a global pandemic.

The bank notes, that the sector will continue to expand by 0.4% in 2021 as investments in the sector strengthen.

To remind, the Asian Development Bank (ADB) has revised the outlook of Georgian economic growth. According to the new report, Georgian economic growth is projected at zero in 2020, while in 2021 – it will amount to 4.5%.