IMF lowers Georgia's economic growth outlook for this year

Jamila Babayeva
Post's author

The International Monetary Fund (IMF) has reduced its economic growth forecast for Georgia this year from 4.3% to 3.5%, Report informs, citing the Fund.

According to the document, the neighboring country's economic growth is expected to be 5.8% in 2022 and 5.5% in 2023.

The Georgian government predicts economic growth of 4.3% for 2021.

Latest news

Death toll from Israeli strikes on Gaza Strip exceeds 45,200 — health ministry 22 December, 2024 / 17:45
Donald Trump’s transition team seeks to pull US out of WHO ‘on day one’ 22 December, 2024 / 17:34
38 people are dead and over 100 missing in Congo after ferry capsizes on Busira River 22 December, 2024 / 17:15
China sanctions Canadian institutes, individuals over Tibet, Xinjiang rights row 22 December, 2024 / 16:56
Azerbaijani Defense Ministry presents weekly summary of events 22 December, 2024 / 16:33
Lara Trump says she’s removing herself from consideration to be Florida senator 22 December, 2024 / 16:21
Azerbaijan weather forecast for December 23 22 December, 2024 / 16:09
EU prepares new sanctions package against Russia on anniversary of Ukraine invasion 22 December, 2024 / 15:47
5.6-magnitude earthquake strikes near Alaska 22 December, 2024 / 15:26
UK soldiers quit in thousands despite Labour’s pay rise 22 December, 2024 / 15:04
Ambulance helicopter crashes into hospital in Türkiye, killing four 22 December, 2024 / 14:44
Erdogan expected to visit Syria 22 December, 2024 / 14:32
US fighter shot down in 'apparent case of friendly fire' over Red Sea 22 December, 2024 / 14:21
Azerbaijan's ex permanent representative urges UN to address mine contamination problem 22 December, 2024 / 14:04
Volkswagen plant closures, layoffs averted, says union 22 December, 2024 / 13:45