ECONOMY

Finance Minister says that despite internal tensions and external shocks, Georgia's economy showed significant sustainability

20.02.20 16:10


According to Finance Minister Ivane Machavariani, despite the internal tensions and external shocks in 2019, Georgia's economy showed significant sustainability.

 

Speaking at a plenary session of Parliament, Machavariani said that the country's positive economic indicators and economic sustainability could be seen in the ratings of international rating companies. He said that the last year was marked by significant positive developments, which was greatly contributed by improved revenue administration.

 

"We projected 4.5% economic growth, but despite internal tensions and external shocks, our economy showed significant sustainability. As a result, according to the preliminary data, our economic growth amounted to 5.2%. It should be noted the sustainability of our country's economy was highlighted in the reports of the three most trusted rating companies. Along with the implemented reforms, the sustainability of the economy is one of the most important components, due to which, all three companies improved our sovereign rating,” the Finance Minister said.

 

 

 

source: IPN

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