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ADB Upgrades Economic Growth Outlook for Georgia

Asian Development Bank (ADB) has upgraded economic growth outlook for Georgia.

According to the new report, ADB forecasts 4.2% upturn in Georgian economy in 2017 and 4.5% upturn in 2018. The previous forecast was 3.8% and 4.5% respectively.

Georgia is recorded in the Central Asia Group, where economy is expected to grow by 3.3%. As to our neighbors, Azerbaijan is expected to record 1.3% downfall, while Armenia is expected to record 3.8% upturn.