Georgia expects economic decline

Georgia expects economic decline Georgia's economic development forecast for 2020 has been updated due to the global pandemic.
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August 5, 2020 13:12
Georgia expects economic decline

Georgia's economic development forecast for 2020 has been updated due to the global pandemic, Report says, citing Koba Gvenetadze, President of the National Bank of Georgia.

According to him, the country expected a decline of 5% this year, instead of the previously forecasted 4%. The year-on-year drop in Georgian economy made 5.8% in the first half of 2020.

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