Georgian PM projects economy to grow 7%-10% this year
Georgian Prime Minister Irakli Garibashvili has stated that in a pessimistic scenario the Georgian economy is expected to grow 7% while in an optimistic scenario it will grow more than 10% this year. Photo: Gov't of Georgia.
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Georgian Prime Minister Irakli Garibashvili has stated that in a pessimistic scenario the Georgian economy is expected to grow 7% while in an optimistic scenario it will grow more than 10% this year.
The positive signals that come out of business give us a very optimistic reason that the recovery of the economy is already happening very fast. The lari is strengthened, and our experts expect the national currency to gain value further. The economy has already started to recover and the 45% growth of the economy in April was unprecedented, and also in May we expect very high growth results", Gharibashvili said.
The World Bank published the June edition of its report Global Economic Prospects 2021 today, which reads that the Georgian economy is projected to grow 6% in 2021, 5% in 2022 and again 5% in 2023.
According to the latest GDP data of April 2021 published by the National Statistics Office of Georgia the estimated real gross domestic product growth rate in April equaled 44.8% year-on-year and 8.1% in January-April of 2021 year-on-year.
A year into the coronavirus pandemic Georgians remain concerned about the state of the economy and the impact of Covid-19, reads poll results released today by the National Democratic Institute (NDI or the Institute) and CRRC Georgia.
The Georgian economy is projected to grow 6% in 2021, 5% in 2022 and again 5% in 2023, says the June edition of the World Bank’s report Global Economic Prospects 2021.
Georgian Finance Minister Lasha Khutsishvili claims Georgia will be a country whose economy will recover one of the fastest in the post-pandemic period. "There are many factors that actually give us the opportunity to say that the process of economic recovery this year will be fundamentally different", Khutsishvili said.
The estimated real gross domestic product (GDP) growth rate in April 2021 equaled 44.8% year-on-year and 8.1% in January-April of 2021 year-on-year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgian Finance Minister Lasha Khutsishvili has summed up the influence of the Covid-19 pandemic on the Georgian economy and the government's effort to help citizens as well as businesses to overcome the crisis within the 'Minister's Hour' format at the Parliament of Georgia today.
The estimated real gross domestic product (GDP) growth rate in May 2021 amounted to 25.8% year-on-year and 11.5% in January-May of 2021 year-on-year, show preliminary data from the National Statistics Office of Georgia (Geostat).
Georgian Prime Minister Irakli Garibashvili projects the Georgian economy to grow 7.7% this year, while the nominal gross domestic product (GDP) will amount to 57.2 billion GEL (about $18.13/€15.27 bln). Last month Garibashvili stated that in a pessimistic scenario the Georgian economy was expected to grow 7% while in an optimistic scenario it would grow more than 10% this year.