IMF forecast - Georgia will become a leader in the region in terms of economic growth
High economic growth will allow the country to overcome the negative consequences of the pandemic very quickly, as well as poverty, the minister said.
In 2021-2026, Georgia will have the highest economic growth rates among the countries of the region and Europe, according to the International Monetary Fund (IMF) survey for October 2021.
According to the IMF forecast, Georgia's economy will grow by 7.7% in 2021 and up to 5.8% in 2022.
In 2021-2026, Georgia's economic growth will average 5.2%.
The Government of Georgia predicts economic growth in 2021 within 9%. According to analysts, this will be facilitated by the opening of tourism and mass vaccination of citizens.
Consumer prices are projected at 9.3% in 2021, 5.4% in 2022, and 3% in 2026.
What do the authorities think
The Minister of Economy and Sustainable Development of Georgia, Natia Turnava, believes that the IMF forecast of continued growth of the country's economy in the coming years is very important, which means that Georgia is coping with the negative consequences of the COVID-19 pandemic.
We will have the highest economic growth - an average of 5.8%, almost 6% per year. This will allow us to overcome the negative consequences of the pandemic very quickly, as well as poverty, and make our economy more diversified and stronger.
After the economy declined by 6% in 2020, a rapid recovery process has been underway since April of this year, which is reflected in almost all economic parameters. This is the growth of exports and imports, money transfers and the growth of turnover of enterprises.
The average real growth rate for the eight months since the beginning of the year is 12%.
According to the minister, double-digit economic growth is expected this year, which implies new jobs, a reduction in poverty, a strengthening of the national currency and an increase in the incomes of the population of Georgia.
Sputnik-georgia.ru
Tags:
IMF forecast - Georgia will become a leader in the region in terms of economic growth
High economic growth will allow the country to overcome the negative consequences of the pandemic very quickly, as well as poverty, the minister said.
In 2021-2026, Georgia will have the highest economic growth rates among the countries of the region and Europe, according to the International Monetary Fund (IMF) survey for October 2021.
According to the IMF forecast, Georgia's economy will grow by 7.7% in 2021 and up to 5.8% in 2022.
In 2021-2026, Georgia's economic growth will average 5.2%.
The Government of Georgia predicts economic growth in 2021 within 9%. According to analysts, this will be facilitated by the opening of tourism and mass vaccination of citizens.
Consumer prices are projected at 9.3% in 2021, 5.4% in 2022, and 3% in 2026.
What do the authorities think
The Minister of Economy and Sustainable Development of Georgia, Natia Turnava, believes that the IMF forecast of continued growth of the country's economy in the coming years is very important, which means that Georgia is coping with the negative consequences of the COVID-19 pandemic.
We will have the highest economic growth - an average of 5.8%, almost 6% per year. This will allow us to overcome the negative consequences of the pandemic very quickly, as well as poverty, and make our economy more diversified and stronger.
After the economy declined by 6% in 2020, a rapid recovery process has been underway since April of this year, which is reflected in almost all economic parameters. This is the growth of exports and imports, money transfers and the growth of turnover of enterprises.
The average real growth rate for the eight months since the beginning of the year is 12%.
According to the minister, double-digit economic growth is expected this year, which implies new jobs, a reduction in poverty, a strengthening of the national currency and an increase in the incomes of the population of Georgia.
Sputnik-georgia.ru
Tags:
