08.Apr .2019 17:15

The World Bank Lowers Forecast of Georgia's Economic Growth to 4.6%

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The World Bank forecasts 4.6% economic growth in Georgia in 2019, which is lower than earlier forecasted rate of 5%, shows the Europe and Central Asia Economic Update of the World Bank.

As for Georgia’s neighbouring countries, Armenia will experience 4.2% economic growth, Azerbaijan – 3.3% growth, Russia – 1.4% growth and Turkey – 1% growth.

World Bank Data.

Asian Development Bank has also published its economic forecast recently, which said that the Georgian economy will grow by 5% in 2019 and by 4.9% in 2020.