Georgian Economy Minister claims “few countries can boast” domestic economic results

Georgian Economy Minister Levan Davitashvili on Thursday highlighted the country’s “significant” economic growth and “low” inflation as the “biggest achievement”, claiming “few countries can boast such results”.

“Recently, we have experienced stable economic progress and development. This can be discussed with any expert”, Davitashvili told domestic media.

The Minister evaluated the country’s macroeconomic parameters as “stable and healthy”.

This pertains to the country’s foreign debt, budget deficit, inflation, economic growth, and related issues. The National Bank, along with the Government’s economic team, plays an important role in this process. I believe this serves as an objective indicator, including of the performance of the Bank's leadership”, Davitashvili said.

The latest gross domestic data by the National Statistics Office shows the Georgian economy grew 12 percent year-on-year in August, while the average real GDP growth between January-August equalled 10 percent.

The monthly inflation rate in the country amounted to 0.3 percent in September, while the annual figure stood at 0.6 percent.