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IMF Increased Georgia’s Economic Growth Forecast

The International Monetary Fund is expecting 4.5% economic growth in Georgia this year, which is a 0.3% increase compared to previous forecast.According to the Fund’s prediction, economic growth in Georgia will accelerate to 4.8% in 2019. In addition, the current level of inflation in Georgia will be 3.6%, and in the next year it will be reduced to 3%.

From the countries of the region, Georgia is most likely to be one of the highest and just behind Uzbekistan and Turkmenistan.

The forecast for the Regions countries is as follows:

Russia – 1.7%
Kazakhstan – 3.2%
Uzbekistan – 5%
Azerbaijan – 2%
Turkmenistan – 6.2%
Ukraine – 3.2%
Belarus – 2.8%
Georgia – 4.5%
Armenia – 3.4%
Tajikistan – 4%
Kyrgyzstan – 3.3%
Moldova – 3%