ECONOMY
12.01.22 16:00
Georgian economy is estimated to be the second-fastest growing economy in the ECA region in 2021, with an estimated growth of 10.5 per cent, reflecting the strong rebound in domestic demand, the impact of fiscal policy, and positive spillovers from the firming external environment, according to the World Bank’s latest Global Economic Prospects report.
“Growth is forecast to ease toward its potential growth rate of 5-5.5 per cent in 2022 and 2023 amid tighter fiscal policy and stabilizing domestic demand.
The forecast is predicated on limited pandemic-related disruptions supported by progress with vaccinations, and improving consumer and business confidence,” the report reads.
It further said that risks to the baseline forecast remain tilted to the downside with key risks including (i) inflationary pressures triggering further tightening in financing conditions and (ii) intensive spread of COVID-19, particularly in the context of new variants and low vaccination rates.
source: 1TV
Read: 397
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
Tusheti Protected Landscape in Georgia’s north-east to expand by 2,245 hectares
18:0023.04.24
-
17:2823.04.24
-
16:5623.04.24
-
16:2023.04.24
-
15:4423.04.24
-
15:0623.04.24
-
Georgian PM, UN representatives review cooperation
14:3523.04.24
-
14:0023.04.24
-
Four people were arrested for making and issuing fake driving licenses
13:2023.04.24
-
12:3923.04.24
-
Georgian, Croatian foreign ministers discuss “fruitful” cooperation
11:3023.04.24
-
Georgian foreign office welcomes border delimitation deal between Armenia, Azerbaijan
10:4523.04.24
-
10:0023.04.24
-
8:0023.04.24
-
18:0022.04.24
-
Prosecutor's Office arrests organized criminal group members involved in call centres
17:2722.04.24
-
Economy Minister: Georgian economy to become “one of fastest-growing” in Europe, wider region
16:5522.04.24
-
Deputy Economy Minister: over million travellers, “record-high” EU visitors entered Georgia in Q1
16:3122.04.24
-
Girchi Party sceptical about their Political Lobbying bill's support in Parliament
16:0022.04.24
-
Russian occupation forces illegally arrest two citizens of Georgia near village of Dirbi
15:3022.04.24
-
14:5722.04.24
-
Shalva Papuashvili: The age permitted for marriage - 18 years - will be written in the Constitution
14:1622.04.24
-
13:1022.04.24
-
Environmental Ministry tightens restrictions on Boxtree cutting
12:3422.04.24
-
12:0522.04.24
-
11:3122.04.24
-
10:0022.04.24
-
18:0019.04.24
-
The state property the government sold this year at the lowest price
17:3019.04.24
-
17:0019.04.24
-
16:1919.04.24
-
Vakhtang Gomelauri: An attack on a policeman means an attack on a state institution
15:4119.04.24
-
15:0019.04.24
-
14:1519.04.24
-
What are the dangers of France's interference in Ukraine and the South Caucasus?
13:3719.04.24
-
The Prime Minister met the Ambassador of Iran in Georgia
12:5719.04.24