Analyst of Economist Intelligence Unit:
Georgia’s economy to grow 4-6% in 2018

Georgia’s economy will grow between four to six percent in 2018, believes analyst at the Economist Intelligence Unit Max Lambertson.

The Economist Intelligence Unit is the research and analysis division of The Economist Group, a sister company of the Economist magazine.

Lambertson posted on Twitter his forecast for the 2018 real Gross Domestic Product (GDP) in the Commonwealth of Independent States (CIS) and Georgia.

Our forecast for 2018 real GDP growth in the CIS & Georgia 4-6%: Georgia, Kyrgyz Republic, Moldova, Uzbekistan 3-3.9%: Armenia, Kazakhstan, Tajikistan 2-2.9%: Turkmenistan, Ukraine <2%: Azerbaijan, Belarus, Russia pic.twitter.com/jFfNe8WCED

— Max Lambertson (@maxlambertson) January 31, 2018

Lambertson considers Georgia’s free trade agreements with China and the European Union (EU) as one of the key drivers of economic growth in 2018.

What to watch in 2018: Armenia's FEZ with Iran, EEU customs duties harmonization In Azerbaijan 2nd phase of Shah Deniz II onstream Georgia's FTAs with EU & China Kazakhstan's launch of AIFC and IPOs Turkmenistan's management of forex shortage Uzbekistan's overhaul of tax system

— Max Lambertson (@maxlambertson) January 31, 2018

The World Bank projects Georgia’s economic growth will hit 4.2 percent in 2018.

The European Bank for Reconstruction and Development (EBRD) said that Georgia’s economy will grow by 4.5 percent in 2018.

The Asian Development Bank (ADB) announced the Georgian economy will grow by 4.2 percent in 2017 and 4.5 percent in 2018.