Asian Development Outlook 2019 - Strengthening Disaster Resilience

11:00, 03.04.2019

The Asian Development Bank prognosticates 5% economic growth in Georgia this year, while 4, 9 % increase in 2020. The prognosis is given in the Asian Development Outlook 2019 – Strengthening Disaster Resilience.

Based on the report, development of skills of the workforce will help Georgia in strengthening business environment and infrastructure building. This will contribute to the attraction of investments in high-revenue sectors.

The Asian Development Bank also reports that export and consumption will contribute to economic growth. In 2019, growth will be detected in the financial sector with respect to the retail and wholesale trade. High investments will speed up the growth of agriculture to 2, 8%.

The annual Asian Development Outlook, now in its 30th year, analyzes economic performance in the past year and forecasts performance in the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia.

Economics

Asian Development Bank

economic growth