IMF: Georgia’s economy will grow by 6% in 2017
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Georgia’s economy will experience six percent growth in 2017, forecasts the International Monetary Fund (IMF).
Meanwhile, Georgia’s Economy Minister Dimitry Kumsishvili announced Georgia’s Gross Domestic Product (GDP) will be 2.8 or 3 percent this year, which was a "good indicator”.
This proves the country’s economy is healthy. New jobs are being created and accordingly this will have an impact on our citizens,” said Kumsishvili.
The Economy Minister said Georgia would enjoy three percent economic growth in 2016 as well.
However, if this rate [of economic growth] maintains we have a chance to exceed three percent growth,” Kumsishvili added.
Meanwhile, Georgia’s economy was growing and exceeding IMF's projected outlook, which was two percent in 2015 and three percent in 2016.
Georgia’s GDP experienced an average real growth of 2.2 percent year-on-year (y/y) in September, said the country’s National Statistics Office (Geostat). Preliminary data revealed the estimated real GDP growth reached 2.5 percent for the third quarter (Q3) of 2015 y/y and 2.7 percent y/y for the first nine months of 2015.
Back in May IMF projected Georgia’s economic outlook as two percent in 2015.
Also in May the European Bank for Reconstruction and Development (EBRD) announced Georgia’s economy was expected to decelerate its growth to 2.3 percent in 2015 and 2.6 percent in 2016, reflecting mainly a deteriorating external environment, with recession in Russia and sharp slowdown of regional trading partners.
Meanwhile, global ratings agency Fitch Ratings has revised its outlook for Georgia and predicted the country would experience two percent economic growth in 2015.
This revised prediction was a downgrade on its 2014 economic forecast of 4.8 percent.
In Martw this year, global rating agency Moody's published a report which said Georgia’s economy would grow by 3.5 percent in 2015.
Georgia’s economy is growing and exceeding the projected outlook of the International Monetary Fund (IMF).
The economy of Georgia will grow by more than three billion GEL in nominal terms and reach 33.8 billion GEL, announced Georgia’s Prime Minister Irakli Garibashvili at today’s Government meeting.
International Monetary Fund (IMF) projected Georgia’s economic outlook as two percent in 2015 and three percent in 2016.
Georgia’s economy is expected to decelerate to 2.3 percent in 2015 and 2.6 percent in 2016, reflecting mainly a deteriorating external environment, with recession in Russia and sharp slowdown of regional trading partners.
Global ratings agency Fitch Ratings has revised its outlook for Georgia and is now predicting the country will experience 2 percent economic growth in 2015.
The World Economic Outlook (WEO) has projected Georgia’s real Gross Domestic Product (GDP) will grow by two percent in 2015 and three percent in 2016 but only reach 5 percent growth in 2020.
Georgia’s economy will grow by 3.5 percent in 2015, reports global rating agency Moody's.
The International Monetary Fund (IMF) mission to Georgia has ended, and the organisation has published an optimistic concluding statement that claims Georgia's economy is stabilising and growing and foreign trade is also improving.
Georgia's economic growth is expected to hit three percent in 2016, 4.5 percent in 2017 and five percent in 2018, forecasts the World Bank Group.
Georgia’s economy will grow and reach three percent in 2016, says Bloomberg.
Global rating agency Moody’s forecasts Georgia’s real economic growth will average three percent in 2016.
Georgia’s economy will grow more than three percent, believes Georgia’s Economy Minister Dimitry Kumsishvili, citing recent positive indicators as the basis for his encouraging forecast for the local economy.
What is the role of government in economic development of a country? This is the main question and main topic of today’s international conference being held in Georgia’s capital Tbilisi.
Georgia’s economy will grow 3.4 percent in 2016 and 5.2 percent in 2017, says the International Monetary Fund (IMF).