Irakli Nadareishvili, the Deputy Economy Minister of Georgia, on Friday said the International Monetary Fund had predicted Georgia to have the highest growth among European countries in the medium term.
Nadareishvili cited the report as saying the country’s growth would be 5.7 percent in 2024 and 5.2 percent in 2025.
The official added the IMF report also included the per capita gross domestic product indicator based on purchasing power parity, which ranked Georgia ahead of the five candidate countries for European Union membership.
He said Georgia’s indicator of the GDP per capita based on the purchasing power parity was 41 percent of the EU’s in 2023, while by 2029 it would cross the 51 percent threshold.
Nadareishvili claimed the IMF report “demonstrated the consistency” of the country’s economic policy.
He said the Government's economic growth forecast was “more optimistic” and it expected the IMF and other international financial institutions would revise their own forecasts accordingly.