ECONOMY

NBG predicts 5% economic growth in Georgia in 2021

09.12.20 14:55


President of the National Bank of Georgia (NBG), Koba Gvenetadze, says the country’s economy would likely shrink by 5% in 2020 but grow by 5% in 2021.

 

Gvenetadze thinks making predictions amid pandemic is difficult due to untold uncertainty. “Much depends on the Covid-19 vaccine accessibility around the world, including Georgia,” stated Gvenetadze.

 

NBG president added that the National Bank would update the macroeconomic forecasts and economic growth data in February 2021.

 

 

source: 1TV

Read: 127


Write comment

Warning!
(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)

Send
You can enter 512 characters

News feed


Caucasus Plus