IMF forecasts 5% economic growth for Georgia in 2021
IMF forecasts 5% economic growth for Georgia in 2021
11:45, 14.10.2020

The International Monetary Fund (IMF) says the Georgian economy will shrink by 5%  in 2020 but will increase by 5 % in 2021.

The IMF forecast coincides with the economic growth forecast set by the Georgian government.

As for Georgia’s neighbouring countries, the IMF predicts that in 2020 the economy in Azerbaijan will shrink by 4 %, in Armenia –  4.5 %, in Russia – 4.1 %, in Turkey – 5 %.

In 2021, the economy will grow by 2 % in Azerbaijan, 3.5 % in Armenia, 2.8 % in Russia and 5% in Turkey.

The IMF forecasts a 7.2 % decline in EU countries’ economy this year. However, in 2021, it will increase by 4.7 %.

 





Economics
Georgian economy
The International Monetary Fund
1766