A rapid expansion in services coupled with higher domestic consumption has accelerated Georgia’s economic growth in 2024, according to a new Asian Development Bank (ADB) report. The Asian Development Outlook (ADO) September 2024, forecasts Georgia's gross domestic product (GDP) to grow by 7%, a notable increase from the earlier projection of 5% growth made in April 2024. The outlook for 2025 remains unchanged, with an anticipated growth of 5.5%. The Checkpoints sat down with Lilia Aleksanyan is an Economist at ADB’s Central and West Asia Department for more in-depth insights.
